Mutual Advisors LLC Lowers Stock Holdings in American Axle & Manufacturing Holdings, Inc. $AXL

Key Points

• Mutual Advisors LLC significantly reduced its stake in American Axle & Manufacturing Holdings, Inc. by 75.1%, selling over 120,000 shares in the second quarter, leaving them with 40,000 shares valued at approximately $163,000.
• Multiple institutional investors, including QRG Capital Management Inc. and Sequoia Financial Advisors LLC, have increased their holdings in American Axle, reflecting ongoing interest in the stock.
• Brokerages have varied opinions on the stock, with some raising their price targets, such as UBS Group's increase from $7.50 to $8.50 and Royal Bank Of Canada's upgrade to an "outperform" rating.

Mutual Advisors LLC reduced its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 75.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the auto parts company's stock after selling 120,631 shares during the quarter. Mutual Advisors LLC's holdings in American Axle & Manufacturing were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AXL. QRG Capital Management Inc. grew its stake in shares of American Axle & Manufacturing by 38.6% in the 1st quarter. QRG Capital Management Inc. now owns 18,742 shares of the auto parts company's stock valued at $76,000 after purchasing an additional 5,222 shares during the last quarter. Golden State Equity Partners purchased a new position in shares of American Axle & Manufacturing in the 1st quarter valued at approximately $61,000. Sequoia Financial Advisors LLC grew its stake in shares of American Axle & Manufacturing by 17.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,250,455 shares of the auto parts company's stock valued at $9,159,000 after purchasing an additional 337,508 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of American Axle & Manufacturing by 4.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,936 shares of the auto parts company's stock valued at $424,000 after purchasing an additional 4,260 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of American Axle & Manufacturing by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 585,408 shares of the auto parts company's stock valued at $2,383,000 after purchasing an additional 15,334 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AXL. Stifel Nicolaus lifted their target price on American Axle & Manufacturing from $6.00 to $7.00 and gave the company a "hold" rating in a research note on Monday. Weiss Ratings reissued a "hold (c)" rating on shares of American Axle & Manufacturing in a report on Tuesday, October 14th. Royal Bank Of Canada raised American Axle & Manufacturing from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $6.00 to $8.00 in a report on Tuesday, September 2nd. UBS Group raised their price target on American Axle & Manufacturing from $7.50 to $8.50 and gave the company a "buy" rating in a report on Monday, October 6th. Finally, Wall Street Zen cut American Axle & Manufacturing from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 11th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $7.17.

American Axle & Manufacturing Stock Performance

Shares of AXL stock opened at $6.17 on Thursday. The stock has a fifty day moving average price of $5.91 and a 200 day moving average price of $4.82. The stock has a market cap of $732.61 million, a PE ratio of 18.16, a P/E/G ratio of 0.88 and a beta of 1.53. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $3.00 and a 1 year high of $7.03. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.40 and a current ratio of 1.77.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.54 billion. American Axle & Manufacturing had a return on equity of 8.90% and a net margin of 0.73%.American Axle & Manufacturing's revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. American Axle & Manufacturing has set its FY 2025 guidance at EPS. Sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

American Axle & Manufacturing Company 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.

Want to see what other hedge funds are holding AXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.