American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,676 shares of the auto parts company’s stock after selling 4,889 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of American Axle & Manufacturing worth $578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AXL. KBC Group NV boosted its position in American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 3,211 shares during the period. XTX Topco Ltd bought a new stake in shares of American Axle & Manufacturing during the third quarter valued at about $62,000. Zacks Investment Management bought a new stake in shares of American Axle & Manufacturing during the third quarter valued at about $70,000. Quarry LP lifted its holdings in American Axle & Manufacturing by 51.9% in the third quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock worth $74,000 after purchasing an additional 4,098 shares during the period. Finally, Paloma Partners Management Co bought a new position in American Axle & Manufacturing in the 3rd quarter valued at about $80,000. 91.41% of the stock is owned by institutional investors.

American Axle & Manufacturing Price Performance

NYSE:AXL opened at $4.73 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The business’s 50-day moving average price is $5.84 and its 200 day moving average price is $6.12. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $4.70 and a 52-week high of $8.98. The firm has a market cap of $556.15 million, a P/E ratio of 19.71 and a beta of 1.94.

Wall Street Analyst Weigh In

Separately, Barclays dropped their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of “Hold” and a consensus price target of $7.30.

About American Axle & Manufacturing

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.