Jackson Creek Investment Advisors LLC Takes $1.03 Million Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 147,124 shares of the auto parts company’s stock, valued at approximately $1,028,000. Jackson Creek Investment Advisors LLC owned 0.13% of American Axle & Manufacturing as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in American Axle & Manufacturing by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 14,146,031 shares of the auto parts company’s stock valued at $124,627,000 after purchasing an additional 191,737 shares during the period. Dimensional Fund Advisors LP boosted its stake in American Axle & Manufacturing by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,669,092 shares of the auto parts company’s stock valued at $67,565,000 after acquiring an additional 465,585 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in American Axle & Manufacturing by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,076,121 shares of the auto parts company’s stock valued at $27,101,000 after acquiring an additional 187,653 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in American Axle & Manufacturing by 19.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,912,907 shares of the auto parts company’s stock worth $14,079,000 after acquiring an additional 304,847 shares during the period. Finally, Whitebox Advisors LLC raised its position in shares of American Axle & Manufacturing by 74.7% during the 1st quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock valued at $8,064,000 after acquiring an additional 468,573 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Down 3.3 %

Shares of NYSE AXL opened at $6.22 on Wednesday. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $5.99 and a twelve month high of $8.99. The stock has a market cap of $731.18 million, a price-to-earnings ratio of -88.86 and a beta of 2.04. The company has a quick ratio of 1.30, a current ratio of 1.68 and a debt-to-equity ratio of 4.42. The company’s fifty day moving average is $6.74 and its 200-day moving average is $7.07.

American Axle & Manufacturing (NYSE:AXL) last posted its earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.35 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America lifted their price objective on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.90.

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.