American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 80.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,701 shares of the auto parts company’s stock after purchasing an additional 28,804 shares during the period. Y Intercept Hong Kong Ltd owned 0.06% of American Axle & Manufacturing worth $377,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning acquired a new position in shares of American Axle & Manufacturing in the 3rd quarter valued at $80,000. Entropy Technologies LP purchased a new position in shares of American Axle & Manufacturing in the 3rd quarter worth $95,000. Aigen Investment Management LP purchased a new position in shares of American Axle & Manufacturing in the 3rd quarter worth $121,000. MQS Management LLC purchased a new stake in American Axle & Manufacturing during the third quarter valued at about $207,000. Finally, KBC Group NV grew its position in American Axle & Manufacturing by 81.3% during the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 3,211 shares during the period. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Stock Down 4.2 %

American Axle & Manufacturing stock opened at $4.75 on Tuesday. The firm has a market cap of $558.51 million, a price-to-earnings ratio of 16.96 and a beta of 1.94. The firm has a fifty day moving average price of $5.51 and a two-hundred day moving average price of $5.99. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $7.98. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) EPS. As a group, analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AXL has been the subject of a number of research reports. Barclays decreased their price target on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Royal Bank of Canada restated a “sector perform” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. Morgan Stanley cut their target price on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, UBS Group reduced their price objective on American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.93.

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.