Whitebox Advisors LLC Has $11.04 Million Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Whitebox Advisors LLC boosted its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,892,723 shares of the auto parts company's stock after acquiring an additional 477,550 shares during the period. Whitebox Advisors LLC owned 1.61% of American Axle & Manufacturing worth $11,035,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AXL. Barclays PLC increased its holdings in shares of American Axle & Manufacturing by 274.4% in the 3rd quarter. Barclays PLC now owns 199,795 shares of the auto parts company's stock worth $1,234,000 after buying an additional 146,430 shares during the last quarter. EMC Capital Management increased its stake in shares of American Axle & Manufacturing by 151.4% during the fourth quarter. EMC Capital Management now owns 23,005 shares of the auto parts company's stock valued at $134,000 after buying an additional 13,856 shares during the period. Empowered Funds LLC boosted its stake in shares of American Axle & Manufacturing by 5.1% during the 4th quarter. Empowered Funds LLC now owns 551,116 shares of the auto parts company's stock valued at $3,213,000 after purchasing an additional 26,890 shares in the last quarter. Entropy Technologies LP boosted its position in 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 valued at $348,000 after acquiring an additional 44,282 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in American Axle & Manufacturing by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 570,074 shares of the auto parts company's stock worth $3,324,000 after purchasing an additional 15,976 shares during the period. Institutional investors and hedge funds own 91.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AXL. StockNews.com cut shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Royal Bank of Canada reiterated a "sector perform" rating and set a $5.00 price target on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Barclays decreased their target price on shares of 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. UBS Group dropped their price objective on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Morgan Stanley decreased their price target on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $6.25.

American Axle & Manufacturing Price Performance

NYSE:AXL traded up $0.19 during mid-day trading on Friday, hitting $3.99. 3,936,870 shares of the company's stock traded hands, compared to its average volume of 1,843,752. The firm's 50 day simple moving average is $4.01 and its 200 day simple moving average is $5.28. The company has a market cap of $472.15 million, a PE ratio of 14.25 and a beta of 1.70. 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 Holdings, Inc. has a 1 year low of $3.00 and a 1 year high of $7.98.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. American Axle & Manufacturing's revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 earnings per share. Sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

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.