33,454 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Purchased by MQS Management LLC

MQS Management LLC bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 33,454 shares of the auto parts company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Aigen Investment Management LP bought a new stake in American Axle & Manufacturing during the third quarter worth about $121,000. Entropy Technologies LP bought a new stake in American Axle & Manufacturing during the third quarter worth about $95,000. Highland Capital Management LLC raised its holdings in American Axle & Manufacturing by 10.8% during the third quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company’s stock worth $182,000 after acquiring an additional 2,868 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in American Axle & Manufacturing by 540.2% during the third quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock worth $1,233,000 after acquiring an additional 168,348 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in American Axle & Manufacturing during the third quarter worth about $89,000. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $6.31 on Friday. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $5.43 and a 12 month high of $8.99. The stock’s 50 day moving average is $6.10 and its 200-day moving average is $6.72. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. The company has a market capitalization of $741.93 million, a price-to-earnings ratio of 26.08 and a beta of 1.95.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.25. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on AXL. Bank of America upped their price objective on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. Finally, Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.38.

American Axle & Manufacturing 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.