MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 675,345 shares of the auto parts company's stock after selling 95,840 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.57% of American Axle & Manufacturing worth $3,937,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AXL. EMC Capital Management increased its stake in shares of American Axle & Manufacturing by 151.4% during the 4th quarter. EMC Capital Management now owns 23,005 shares of the auto parts company's stock worth $134,000 after purchasing an additional 13,856 shares during the last quarter. Empowered Funds LLC raised its stake in shares of American Axle & Manufacturing by 5.1% in the fourth quarter. Empowered Funds LLC now owns 551,116 shares of the auto parts company's stock worth $3,213,000 after purchasing an additional 26,890 shares during the last quarter. Entropy Technologies LP increased its holdings in shares of American Axle & Manufacturing by 288.5% in the fourth quarter. Entropy Technologies LP now owns 59,633 shares of the auto parts company's stock worth $348,000 after buying an additional 44,282 shares during the period. Principal Financial Group Inc. increased its stake in shares of American Axle & Manufacturing by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 570,074 shares of the auto parts company's stock worth $3,324,000 after purchasing an additional 15,976 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in American Axle & Manufacturing by 80.2% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 64,701 shares of the auto parts company's stock valued at $377,000 after purchasing an additional 28,804 shares during the period. Institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Trading Down 2.5%

Shares of American Axle & Manufacturing stock traded down $0.11 during trading on Friday, hitting $4.27. 2,759,393 shares of the company were exchanged, compared to its average volume of 1,954,960. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.76. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The firm has a market capitalization of $506.69 million, a P/E ratio of 15.25 and a beta of 1.71. The firm's fifty day moving average price is $3.93 and its 200 day moving average price is $5.11.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. The business's revenue was down 12.2% compared to the same quarter last year. As a group, sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

AXL has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a research report on Monday, May 19th. Wall Street Zen raised American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. UBS Group cut their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada reiterated a "sector perform" rating and set a $5.00 target price on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Finally, TD Cowen started coverage on shares of American Axle & Manufacturing in a research note on Friday, March 7th. They issued a "hold" rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.93.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.