American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Short Interest Update

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 4,440,000 shares, a growth of 9.6% from the October 15th total of 4,050,000 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is currently 2.8 days.

American Axle & Manufacturing Stock Performance

AXL opened at $6.19 on Tuesday. The stock has a market cap of $727.82 million, a P/E ratio of 26.29 and a beta of 1.95. The firm has a fifty day moving average price of $6.11 and a 200 day moving average price of $6.70. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. American Axle & Manufacturing has a 1 year low of $5.43 and a 1 year high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned ($0.11) EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. Equities research analysts anticipate that American Axle & Manufacturing will post 0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on AXL shares. Wolfe Research raised shares of American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. Bank of America lifted their target price on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research note on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.38.

Institutional Investors Weigh In On American Axle & Manufacturing

A number of large investors have recently modified their holdings of AXL. Sona Asset Management US LLC purchased a new stake in shares of American Axle & Manufacturing in the first quarter valued at about $7,102,000. Jacobs Levy Equity Management Inc. lifted its position in shares of American Axle & Manufacturing by 31.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock worth $14,053,000 after purchasing an additional 548,860 shares in the last quarter. Algert Global LLC increased its stake in shares of American Axle & Manufacturing by 263.9% during the second quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock worth $4,882,000 after buying an additional 506,476 shares during the period. Whitebox Advisors LLC increased its stake in shares of American Axle & Manufacturing by 74.7% during the first quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock worth $8,064,000 after buying an additional 468,573 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of American Axle & Manufacturing by 16.1% during the second quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock worth $20,197,000 after buying an additional 399,616 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.

About American Axle & Manufacturing

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.