Lonestar Capital Management LLC Makes New Investment in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Lonestar Capital Management LLC bought a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 667,700 shares of the auto parts company's stock, valued at approximately $3,893,000. American Axle & Manufacturing accounts for 1.4% of Lonestar Capital Management LLC's portfolio, making the stock its 13th biggest position. Lonestar Capital Management LLC owned 0.57% of American Axle & Manufacturing as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Aquatic Capital Management LLC lifted its stake in American Axle & Manufacturing by 100.0% during the fourth quarter. Aquatic Capital Management LLC now owns 88,583 shares of the auto parts company's stock worth $516,000 after purchasing an additional 44,283 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in American Axle & Manufacturing in the fourth quarter valued at $76,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter valued at about $81,000. Miller Value Partners LLC increased its position in American Axle & Manufacturing by 126.7% during the 4th quarter. Miller Value Partners LLC now owns 529,590 shares of the auto parts company's stock valued at $3,088,000 after purchasing an additional 295,950 shares during the period. Finally, Hancock Whitney Corp acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth $125,000. 91.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays dropped their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Cowen assumed coverage on American Axle & Manufacturing in a research note on Thursday, March 6th. They issued a "hold" rating for the company. TD Cowen assumed coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They issued a "hold" rating and a $5.00 price target on the stock. UBS Group cut 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 report on Thursday, April 10th. Finally, StockNews.com lowered American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.25.

American Axle & Manufacturing Stock Up 0.8 %

Shares of American Axle & Manufacturing stock opened at $3.73 on Monday. The company's 50 day moving average price is $4.19 and its 200-day moving average price is $5.36. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $7.98. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. The stock has a market capitalization of $441.38 million, a price-to-earnings ratio of 13.32 and a beta of 1.70.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, meeting analysts' consensus estimates of ($0.06). The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. American Axle & Manufacturing's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.09) EPS. Equities research analysts forecast 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.

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