Sequoia Financial Advisors LLC Purchases Shares of 1,608,060 American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Sequoia Financial Advisors LLC acquired a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,608,060 shares of the auto parts company's stock, valued at approximately $14,167,000. Sequoia Financial Advisors LLC owned 1.37% of American Axle & Manufacturing at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners acquired a new stake in American Axle & Manufacturing during the 3rd quarter worth about $2,833,000. Barclays PLC increased its holdings in shares of American Axle & Manufacturing by 522.6% in the 3rd quarter. Barclays PLC now owns 1,122,458 shares of the auto parts company's stock valued at $8,149,000 after purchasing an additional 942,186 shares during the period. Mutual Advisors LLC acquired a new position in shares of American Axle & Manufacturing in the 4th quarter valued at about $1,451,000. Vanguard Group Inc. increased its holdings in shares of American Axle & Manufacturing by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 13,954,294 shares of the auto parts company's stock valued at $101,308,000 after purchasing an additional 144,529 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of American Axle & Manufacturing by 25.8% in the 3rd quarter. AQR Capital Management LLC now owns 949,974 shares of the auto parts company's stock valued at $6,897,000 after purchasing an additional 194,863 shares during the period. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Price Performance

Shares of NYSE:AXL traded down $0.35 during midday trading on Wednesday, reaching $7.24. The company's stock had a trading volume of 1,511,753 shares, compared to its average volume of 1,891,964. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $9.55. The company has a market capitalization of $850.40 million, a P/E ratio of -25.84, a P/E/G ratio of 2.89 and a beta of 2.22. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.67 and a quick ratio of 1.27. The business's fifty day simple moving average is $7.32 and its 200-day simple moving average is $7.48.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings results on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.10. The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.42 billion. American Axle & Manufacturing had a negative return on equity of 1.78% and a negative net margin of 0.55%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.07) earnings per share. As a group, equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AXL. StockNews.com upgraded American Axle & Manufacturing from a "hold" rating to a "buy" rating in a report on Monday. UBS Group upgraded American Axle & Manufacturing from a "sell" rating to a "neutral" rating and set a $7.00 target price on the stock in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of "Hold" and a consensus price target of $7.70.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.