American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 14.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,317 shares of the auto parts company’s stock after selling 5,732 shares during the quarter. Marshall Wace LLP’s holdings in American Axle & Manufacturing were worth $247,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AXL. nVerses Capital LLC purchased a new stake in shares of American Axle & Manufacturing during the 2nd quarter worth $41,000. EntryPoint Capital LLC purchased a new stake in shares of American Axle & Manufacturing during the 1st quarter worth $76,000. Headlands Technologies LLC purchased a new stake in shares of American Axle & Manufacturing during the 2nd quarter worth $75,000. QRG Capital Management Inc. boosted its position in shares of American Axle & Manufacturing by 13.5% during the 2nd quarter. QRG Capital Management Inc. now owns 14,037 shares of the auto parts company’s stock worth $98,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of American Axle & Manufacturing during the 2nd quarter worth $108,000. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Trading Up 2.0 %

NYSE AXL opened at $6.13 on Friday. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $5.43 and a 12 month high of $8.99. The company has a 50-day moving average of $6.17 and a 200-day moving average of $6.90. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.68 and a quick ratio of 1.30. The company has a market cap of $720.60 million, a P/E ratio of -87.57 and a beta of 1.94.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on AXL. Wolfe Research upgraded shares of American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Finally, Bank of America boosted their price objective on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of “Hold” and an average price target of $7.10.

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.