GSA Capital Partners LLP Sells 73,863 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

GSA Capital Partners LLP decreased its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 57.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,695 shares of the auto parts company’s stock after selling 73,863 shares during the quarter. GSA Capital Partners LLP’s holdings in American Axle & Manufacturing were worth $323,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in American Axle & Manufacturing by 267.7% in the third quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 3,191 shares during the period. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of American Axle & Manufacturing during the 2nd quarter worth about $47,000. CWM LLC boosted its position in shares of American Axle & Manufacturing by 685.1% during the 2nd quarter. CWM LLC now owns 16,965 shares of the auto parts company’s stock worth $69,000 after purchasing an additional 14,804 shares in the last quarter. Ethic Inc. grew its stake in shares of American Axle & Manufacturing by 63.4% in the 2nd quarter. Ethic Inc. now owns 22,371 shares of the auto parts company’s stock valued at $94,000 after buying an additional 8,678 shares during the period. Finally, Shay Capital LLC bought a new stake in American Axle & Manufacturing in the 2nd quarter valued at about $102,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Up 11.6%

Shares of American Axle & Manufacturing stock opened at $9.18 on Friday. The company has a market capitalization of $1.09 billion, a P/E ratio of 27.80 and a beta of 1.60. The stock has a fifty day simple moving average of $7.96 and a 200 day simple moving average of $6.74. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $3.00 and a 12-month high of $9.00. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley set a $7.00 price target on American Axle & Manufacturing in a research note on Monday, December 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday, December 29th. UBS Group lifted their price target on shares of American Axle & Manufacturing from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada upped their price objective on shares of American Axle & Manufacturing from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Finally, Wall Street Zen raised shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, American Axle & Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $9.92.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.