EMC Capital Management Has $169,000 Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

EMC Capital Management lessened its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 11.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 23,005 shares of the auto parts company’s stock after selling 2,981 shares during the period. EMC Capital Management’s holdings in American Axle & Manufacturing were worth $169,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AXL. GAMMA Investing LLC acquired a new position in shares of American Axle & Manufacturing during the 4th quarter worth about $76,000. EntryPoint Capital LLC bought a new position in American Axle & Manufacturing during the first quarter valued at about $76,000. ProShare Advisors LLC increased its stake in American Axle & Manufacturing by 7.4% during the first quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock valued at $170,000 after acquiring an additional 1,582 shares during the period. Quadrature Capital Ltd bought a new position in American Axle & Manufacturing during the first quarter valued at about $229,000. Finally, Price T Rowe Associates Inc. MD increased its stake in American Axle & Manufacturing by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,725 shares of the auto parts company’s stock valued at $241,000 after acquiring an additional 3,862 shares during the period. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

Shares of AXL traded down $0.50 on Friday, hitting $6.66. The company’s stock had a trading volume of 1,965,568 shares, compared to its average volume of 1,563,293. The company has a market capitalization of $782.88 million, a PE ratio of -95.13 and a beta of 2.04. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.69 and a quick ratio of 1.31. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $9.45. The company has a 50 day moving average price of $7.18 and a 200 day moving average price of $7.35.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, May 3rd. The auto parts company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.02 by $0.16. American Axle & Manufacturing had a positive return on equity of 1.92% and a negative net margin of 0.13%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the business earned ($0.01) EPS. American Axle & Manufacturing’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AXL shares. Citigroup boosted their price target on American Axle & Manufacturing from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Bank of America upped their price objective on American Axle & Manufacturing from $7.00 to $8.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. UBS Group upped their price objective on American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Finally, StockNews.com upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.00.

American Axle & Manufacturing Company Profile

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.