Miller Value Partners LLC Acquires 295,950 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Miller Value Partners LLC increased its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 126.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 529,590 shares of the auto parts company's stock after buying an additional 295,950 shares during the period. American Axle & Manufacturing accounts for 1.3% of Miller Value Partners LLC's portfolio, making the stock its 27th largest holding. Miller Value Partners LLC owned 0.45% of American Axle & Manufacturing worth $3,088,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cibc World Markets Corp acquired a new position in American Axle & Manufacturing during the 4th quarter worth $63,000. AXQ Capital LP bought a new stake in American Axle & Manufacturing in the fourth quarter valued at about $77,000. Polymer Capital Management US LLC bought a new stake in American Axle & Manufacturing in the fourth quarter valued at about $77,000. Virtu Financial LLC bought a new stake in American Axle & Manufacturing in the fourth quarter valued at about $89,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of American Axle & Manufacturing during the fourth quarter worth approximately $122,000. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Stock Down 1.6 %

Shares of NYSE:AXL traded down $0.06 during mid-day trading on Wednesday, reaching $3.78. 1,300,897 shares of the stock were exchanged, compared to its average volume of 1,817,657. 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 company has a market cap of $447.30 million, a P/E ratio of 13.50 and a beta of 1.70. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $7.98. The stock's 50 day simple moving average is $4.10 and its 200-day simple moving average is $5.33.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.06). The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The business's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. As a group, equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $5.00 price objective on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. Barclays cut their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Cowen started coverage on shares of American Axle & Manufacturing in a report on Thursday, March 6th. They issued a "hold" rating on the stock. StockNews.com downgraded American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Finally, TD Cowen started coverage on American Axle & Manufacturing in a report on Friday, March 7th. They issued a "hold" rating and a $5.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.25.

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.