Whitebox Advisors LLC Raises Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Whitebox Advisors LLC lifted its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 33.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 1.61% of American Axle & Manufacturing worth $11,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Marshall Wace LLP lifted its holdings in American Axle & Manufacturing by 201.2% in the fourth quarter. Marshall Wace LLP now owns 1,246,559 shares of the auto parts company's stock valued at $7,267,000 after acquiring an additional 832,726 shares during the period. Lonestar Capital Management LLC bought a new position in shares of American Axle & Manufacturing in the fourth quarter worth approximately $3,893,000. JPMorgan Chase & Co. increased its stake in American Axle & Manufacturing by 546.6% in the 4th quarter. JPMorgan Chase & Co. now owns 786,569 shares of the auto parts company's stock worth $4,586,000 after buying an additional 664,922 shares in the last quarter. Vanguard Group Inc. lifted its holdings in American Axle & Manufacturing by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company's stock worth $91,608,000 after purchasing an additional 462,847 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of American Axle & Manufacturing by 12.4% during the fourth quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock valued at $22,483,000 after buying an additional 426,933 shares during the last quarter. 91.41% of the stock is owned by institutional investors.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock traded down $0.19 during midday trading on Tuesday, reaching $4.11. The company had a trading volume of 2,723,779 shares, compared to its average volume of 1,856,098. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $3.00 and a 12-month high of $7.98. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The firm's fifty day simple moving average is $3.99 and its 200-day simple moving average is $5.26. The company has a market capitalization of $485.76 million, a P/E ratio of 14.66 and a beta of 1.71.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the company earned $0.18 EPS. American Axle & Manufacturing's revenue was down 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. UBS Group reduced their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Cowen reissued a "hold" rating on shares of American Axle & Manufacturing in a research note on Monday. TD Cowen initiated coverage on American Axle & Manufacturing in a report on Friday, March 7th. They set a "hold" rating and a $5.00 price objective on the stock. Finally, Barclays reduced their price objective 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $6.25.

About American Axle & Manufacturing

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.