Sowell Financial Services LLC Makes New $367,000 Investment in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Sowell Financial Services LLC bought a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 90,175 shares of the auto parts company's stock, valued at approximately $367,000. Sowell Financial Services LLC owned approximately 0.08% of American Axle & Manufacturing at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXL. Exchange Traded Concepts LLC acquired a new position in shares of American Axle & Manufacturing during the first quarter valued at about $890,000. 111 Capital purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $67,000. Wealth Enhancement Advisory Services LLC purchased a new stake in American Axle & Manufacturing during the 4th quarter worth approximately $62,000. Public Employees Retirement System of Ohio acquired a new position in American Axle & Manufacturing during the 4th quarter valued at approximately $827,000. Finally, PharVision Advisers LLC purchased a new position in shares of American Axle & Manufacturing in the fourth quarter worth $96,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AXL shares. Royal Bank Of Canada reissued a "sector perform" rating and set a $5.00 price objective on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Cowen restated a "hold" rating on shares of American Axle & Manufacturing in a research note on Monday, May 5th. Morgan Stanley decreased their target price on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating for the company in a report on Monday, May 19th. Finally, UBS Group cut their price target on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.93.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock traded up $0.06 during midday trading on Tuesday, hitting $4.16. 2,554,120 shares of the company were exchanged, compared to its average volume of 2,081,828. The business has a fifty day simple moving average of $4.14 and a two-hundred day simple moving average of $4.78. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.35 and a current ratio of 1.72. The firm has a market capitalization of $493.27 million, a PE ratio of 24.45 and a beta of 1.58. 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 quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. American Axle & Manufacturing had a net margin of 0.36% and a return on equity of 8.70%. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the company earned $0.18 EPS. The business's revenue was down 12.2% on a year-over-year basis. On average, sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current 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.