American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Bought by XTX Topco Ltd

XTX Topco Ltd grew its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 1,011.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,287 shares of the auto parts company's stock after buying an additional 101,270 shares during the period. XTX Topco Ltd owned approximately 0.09% of American Axle & Manufacturing worth $649,000 at the end of the most recent quarter.

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

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock traded up $0.13 during trading on Thursday, reaching $3.52. The company had a trading volume of 1,158,387 shares, compared to its average volume of 1,793,463. The firm's 50-day simple moving average is $4.26 and its 200 day simple moving average is $5.40. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.00 and a 1-year high of $7.98. The firm has a market capitalization of $415.94 million, a PE ratio of 12.55 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 (NYSE:AXL - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.06). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The business's revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) EPS. As a group, equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group cut their price target on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. StockNews.com lowered shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. TD Cowen assumed coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They set a "hold" rating and a $5.00 target price on the stock. Morgan Stanley reduced their target price on 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. 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 equities research 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 MarketBeat.com, the stock presently has a consensus 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.