90,175 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 90,175 shares of the auto parts company's stock, valued at approximately $367,000. Sowell Financial Services LLC owned 0.08% of American Axle & Manufacturing at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Whitebox Advisors LLC boosted its position in American Axle & Manufacturing by 33.7% during the 4th quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company's stock worth $11,035,000 after purchasing an additional 477,550 shares during the period. Dana Investment Advisors Inc. boosted its position in American Axle & Manufacturing by 30.4% during the 4th quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock worth $6,399,000 after purchasing an additional 256,150 shares during the period. American Century Companies Inc. boosted its position in American Axle & Manufacturing by 12.4% during the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock worth $22,483,000 after purchasing an additional 426,933 shares during the period. JPMorgan Chase & Co. boosted its position in American Axle & Manufacturing by 546.6% during the 4th quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company's stock worth $4,586,000 after purchasing an additional 664,922 shares during the period. Finally, Trexquant Investment LP boosted its position in American Axle & Manufacturing by 23.4% during the 4th quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company's stock worth $5,109,000 after purchasing an additional 165,905 shares during the period. 91.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Cowen reaffirmed a "hold" rating on shares of American Axle & Manufacturing in a research report on Monday, May 5th. Wall Street Zen raised shares of American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. TD Cowen started coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They issued a "hold" rating and a $5.00 price objective for the company. UBS Group decreased their price objective on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, American Axle & Manufacturing presently has a consensus rating of "Hold" and an average target price of $5.93.

American Axle & Manufacturing Stock Down 2.0%

Shares of American Axle & Manufacturing stock traded down $0.09 during trading on Friday, reaching $4.21. The company had a trading volume of 7,228,360 shares, compared to its average volume of 2,073,043. The company has a market cap of $498.97 million, a price-to-earnings ratio of 24.74 and a beta of 1.58. The firm's fifty day moving average is $4.12 and its 200-day moving average is $4.81. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.35 and a current ratio of 1.72. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.65.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. American Axle & Manufacturing had a net margin of 0.36% and a return on equity of 8.70%. The company's revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 EPS. On average, analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

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.