Assenagon Asset Management S.A. Has $823,000 Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Assenagon Asset Management S.A. lessened its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,130 shares of the auto parts company’s stock after selling 58,384 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.12% of American Axle & Manufacturing worth $823,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Barclays PLC increased its stake in American Axle & Manufacturing by 274.4% in the 3rd quarter. Barclays PLC now owns 199,795 shares of the auto parts company’s stock valued at $1,234,000 after buying an additional 146,430 shares during the period. Geode Capital Management LLC raised its position in American Axle & Manufacturing by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock valued at $16,411,000 after acquiring an additional 21,054 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of American Axle & Manufacturing during the 3rd quarter worth about $222,000. XTX Topco Ltd bought a new position in shares of American Axle & Manufacturing in the 3rd quarter valued at approximately $62,000. Finally, Zacks Investment Management acquired a new stake in American Axle & Manufacturing in the 3rd quarter worth approximately $70,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, American Axle & Manufacturing presently has an average rating of “Hold” and an average price target of $7.30.

American Axle & Manufacturing Trading Up 2.4 %

Shares of AXL stock opened at $5.86 on Friday. The firm has a market capitalization of $688.90 million, a P/E ratio of 24.41 and a beta of 1.96. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $5.41 and a 1 year high of $8.98. The firm’s fifty day simple moving average is $6.17 and its 200 day simple moving average is $6.30. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 earnings per share (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 for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm posted ($0.11) EPS. The business’s revenue was down 3.0% compared to the same quarter last year. As a group, sell-side analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current year.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.