American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 43.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,338 shares of the auto parts company’s stock after selling 97,813 shares during the period. Gotham Asset Management LLC’s holdings in American Axle & Manufacturing were worth $1,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Man Group plc grew its holdings in shares of American Axle & Manufacturing by 108.6% during the first quarter. Man Group plc now owns 29,127 shares of the auto parts company’s stock worth $282,000 after buying an additional 15,165 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of American Axle & Manufacturing by 50.6% during the first quarter. AQR Capital Management LLC now owns 138,160 shares of the auto parts company’s stock worth $1,335,000 after buying an additional 46,450 shares in the last quarter. Aristides Capital LLC purchased a new stake in shares of American Axle & Manufacturing during the first quarter worth about $245,000. Captrust Financial Advisors grew its holdings in shares of American Axle & Manufacturing by 4,858.2% during the first quarter. Captrust Financial Advisors now owns 11,156 shares of the auto parts company’s stock worth $108,000 after buying an additional 10,931 shares in the last quarter. Finally, Beirne Wealth Consulting Services LLC purchased a new stake in shares of American Axle & Manufacturing during the first quarter worth about $295,000. Institutional investors own 90.07% of the company’s stock.

AXL opened at $9.70 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.58 and a debt-to-equity ratio of 8.38. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $4.82 and a 52-week high of $13.06. The stock’s 50 day simple moving average is $10.89. The stock has a market capitalization of $1.11 billion, a P/E ratio of 21.39, a P/E/G ratio of 0.78 and a beta of 2.54.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Thursday, May 6th. The auto parts company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.33. American Axle & Manufacturing had a negative net margin of 0.45% and a positive return on equity of 18.63%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $0.20 earnings per share. American Axle & Manufacturing’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 1.49 EPS for the current year.

AXL has been the subject of a number of recent research reports. Barclays lifted their price target on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, July 7th. TheStreet upgraded shares of American Axle & Manufacturing from a “d+” rating to a “c-” rating in a report on Thursday, May 13th. Zacks Investment Research downgraded shares of American Axle & Manufacturing from a “strong-buy” rating to a “hold” rating and set a $11.00 target price for the company. in a report on Friday, July 9th. Royal Bank of Canada restated a “neutral” rating on shares of American Axle & Manufacturing in a report on Friday, April 2nd. Finally, Morgan Stanley restated an “underweight” rating and issued a $8.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, March 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.56.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming products in the United States, Mexico, South America, China, other Asian countries, and Europe. The company's 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.

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Institutional Ownership by Quarter for American Axle & Manufacturing (NYSE:AXL)

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