Lonestar Capital Management LLC Makes New $3.89 Million Investment in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Lonestar Capital Management LLC bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 667,700 shares of the auto parts company's stock, valued at approximately $3,893,000. American Axle & Manufacturing comprises about 1.4% of Lonestar Capital Management LLC's investment portfolio, making the stock its 13th largest holding. Lonestar Capital Management LLC owned 0.57% of American Axle & Manufacturing as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its stake in American Axle & Manufacturing by 1.1% during the fourth 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 during the last quarter. MetLife Investment Management LLC boosted its position in shares of American Axle & Manufacturing by 11.3% during the 4th quarter. MetLife Investment Management LLC now owns 65,065 shares of the auto parts company's stock valued at $379,000 after acquiring an additional 6,584 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 period. Price T Rowe Associates Inc. MD increased its position in American Axle & Manufacturing by 21.4% during the fourth 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 during the last quarter. Finally, Guggenheim Capital LLC raised its stake in American Axle & Manufacturing by 50.0% during the fourth 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 during the period. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Trading Up 5.0 %

NYSE:AXL traded up $0.19 on Friday, reaching $3.99. 3,936,870 shares of the company's stock were exchanged, compared to its average volume of 1,844,439. The firm has a market capitalization of $472.15 million, a price-to-earnings ratio of 14.25 and a beta of 1.70. 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 quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The business has a fifty day moving average of $4.01 and a 200-day moving average of $5.29.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its earnings results on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The company 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 0.57% and a return on equity of 10.44%. The firm's quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. As a group, analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AXL has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $5.00 price target on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. Cowen initiated coverage on American Axle & Manufacturing in a research report on Thursday, March 6th. They issued a "hold" rating on the stock. Morgan Stanley lowered their price target on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. StockNews.com lowered shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Finally, Barclays lowered their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, American Axle & Manufacturing currently has an average rating of "Hold" and a consensus target price of $6.25.

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.