Squarepoint Ops LLC Purchases 342,211 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Squarepoint Ops LLC grew its stake in 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 Securities and Exchange Commission. The firm owned 507,187 shares of the auto parts company's stock after buying an additional 342,211 shares during the period. Squarepoint Ops LLC owned 0.43% of American Axle & Manufacturing worth $2,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. EMC Capital Management boosted its position 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 valued at $134,000 after purchasing an additional 13,856 shares in the last quarter. Empowered Funds LLC lifted its stake in 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 valued at $3,213,000 after buying an additional 26,890 shares during the period. Entropy Technologies LP boosted its holdings in shares of American Axle & Manufacturing by 288.5% during the 4th 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 in the last quarter. Principal Financial Group Inc. grew its position in shares of American Axle & Manufacturing by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 570,074 shares of the auto parts company's stock worth $3,324,000 after buying an additional 15,976 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of American Axle & Manufacturing by 80.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 64,701 shares of the auto parts company's stock valued at $377,000 after acquiring an additional 28,804 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Stock Down 1.3%

AXL traded down $0.06 during midday trading on Friday, reaching $4.40. 4,414,556 shares of the company were exchanged, compared to its average volume of 1,974,889. The company has a market cap of $522.11 million, a price-to-earnings ratio of 15.71 and a beta of 1.71. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $7.76. The company's fifty day moving average price is $3.92 and its 200 day moving average price is $5.06. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63.

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 (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. American Axle & Manufacturing's revenue was down 12.2% compared to the same quarter last year. As a group, analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

AXL has been the subject of a number of research reports. UBS Group reduced their price target on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, April 10th. Royal Bank of Canada restated a "sector perform" rating and issued a $5.00 target price on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Morgan Stanley dropped their price target on American Axle & Manufacturing from $8.00 to $7.50 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Cowen reiterated a "hold" rating on shares of American Axle & Manufacturing in a report on Monday, May 5th. Finally, Wall Street Zen upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $5.93.

About American Axle & Manufacturing

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.