American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Stock Position Raised by Squarepoint Ops LLC

Squarepoint Ops LLC increased its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 207.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 507,187 shares of the auto parts company's stock after purchasing an additional 342,211 shares during the quarter. Squarepoint Ops LLC owned 0.43% of American Axle & Manufacturing worth $2,957,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AXL. Franklin Resources Inc. boosted its position in shares of American Axle & Manufacturing by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 303,883 shares of the auto parts company's stock worth $1,772,000 after buying an additional 3,161 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of American Axle & Manufacturing by 11.3% in the fourth quarter. MetLife Investment Management LLC now owns 65,065 shares of the auto parts company's stock valued at $379,000 after purchasing an additional 6,584 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of American Axle & Manufacturing by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,855 shares of the auto parts company's stock valued at $518,000 after purchasing an additional 6,704 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of American Axle & Manufacturing by 21.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,797 shares of the auto parts company's stock worth $267,000 after purchasing an additional 8,067 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of American Axle & Manufacturing by 50.0% during the 4th quarter. Guggenheim Capital LLC now owns 25,541 shares of the auto parts company's stock worth $149,000 after purchasing an additional 8,518 shares in the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Trading Down 1.3%

NYSE:AXL traded down $0.06 during trading hours on Friday, reaching $4.40. 4,414,556 shares of the company were exchanged, compared to its average volume of 1,981,413. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $7.76. The stock has a 50 day simple moving average of $3.92 and a 200 day simple moving average of $5.03. The firm has a market cap of $522.11 million, a price-to-earnings ratio of 15.71 and a beta of 1.71. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25.

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 for the quarter, beating 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 analysts' expectations of $1.43 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The firm's revenue for the quarter was down 12.2% compared to the same quarter last year. As a group, analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Cowen reiterated 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 note on Thursday, May 8th. Morgan Stanley cut 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. Royal Bank of Canada reissued a "sector perform" rating and set a $5.00 price objective on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Finally, TD Cowen assumed coverage on shares of American Axle & Manufacturing in a research note on Friday, March 7th. They issued a "hold" rating and a $5.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.