Virtu Financial LLC Buys Shares of 15,207 American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Virtu Financial LLC purchased a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,207 shares of the auto parts company’s stock, valued at approximately $89,000.

Several other large investors also recently added to or reduced their stakes in AXL. Atom Investors LP boosted its position in American Axle & Manufacturing by 1.0% during the third quarter. Atom Investors LP now owns 203,152 shares of the auto parts company’s stock worth $1,255,000 after purchasing an additional 2,087 shares during the period. Quadrature Capital Ltd boosted its holdings in American Axle & Manufacturing by 28.6% in the 3rd quarter. Quadrature Capital Ltd now owns 17,365 shares of the auto parts company’s stock worth $107,000 after buying an additional 3,861 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in American Axle & Manufacturing by 1.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 303,709 shares of the auto parts company’s stock valued at $1,877,000 after acquiring an additional 3,968 shares during the period. Quarry LP lifted its position in shares of American Axle & Manufacturing by 51.9% during the third quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock worth $74,000 after acquiring an additional 4,098 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of American Axle & Manufacturing by 12.4% during the fourth quarter. Intech Investment Management LLC now owns 82,279 shares of the auto parts company’s stock worth $480,000 after acquiring an additional 9,046 shares in the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Down 3.8 %

NYSE AXL opened at $4.15 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The stock’s 50-day simple moving average is $5.03 and its two-hundred day simple moving average is $5.76. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $4.08 and a twelve month high of $7.98. The company has a market capitalization of $490.49 million, a price-to-earnings ratio of 14.80 and a beta of 1.85.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AXL. Barclays decreased their price objective on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday, February 18th. StockNews.com cut shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. UBS Group decreased their target price on shares of American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, TD Cowen began coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They issued a “hold” rating and a $5.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Hold” and an average price target of $6.69.

American Axle & Manufacturing 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.