Fox Run Management L.L.C. Acquires Shares of 75,148 American Axle & Manufacturing Holdings, Inc. $AXL

Fox Run Management L.L.C. bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the third quarter, Holdings Channel reports. The firm bought 75,148 shares of the auto parts company’s stock, valued at approximately $452,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in American Axle & Manufacturing by 8.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,381 shares of the auto parts company’s stock worth $124,000 after buying an additional 2,243 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in American Axle & Manufacturing by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 43,524 shares of the auto parts company’s stock valued at $178,000 after acquiring an additional 2,993 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of American Axle & Manufacturing by 267.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 3,191 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of American Axle & Manufacturing by 27.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,317 shares of the auto parts company’s stock worth $158,000 after purchasing an additional 5,909 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of American Axle & Manufacturing by 27.1% in the 2nd quarter. Cetera Investment Advisers now owns 33,774 shares of the auto parts company’s stock worth $138,000 after purchasing an additional 7,197 shares during the period. Institutional investors own 91.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AXL. BWS Financial assumed coverage on American Axle & Manufacturing in a research report on Tuesday, January 27th. They issued a “buy” rating and a $17.00 target price for the company. Stifel Nicolaus increased their price target on American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen raised American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Royal Bank Of Canada upped their price objective on shares of American Axle & Manufacturing from $9.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, UBS Group boosted 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. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, American Axle & Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $9.92.

American Axle & Manufacturing Price Performance

Shares of NYSE:AXL opened at $9.18 on Monday. The company has a 50 day moving average of $8.01 and a 200 day moving average of $6.78. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61. The stock has a market cap of $1.09 billion, a P/E ratio of 27.80 and a beta of 1.60. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $3.00 and a 12 month high of $9.00.

American Axle & Manufacturing Company 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.