35,249 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,249 shares of the auto parts company’s stock, valued at approximately $218,000.

Several other hedge funds have also added to or reduced their stakes in AXL. nVerses Capital LLC acquired a new stake in American Axle & Manufacturing during the 2nd quarter worth $41,000. Quarry LP raised its stake in American Axle & Manufacturing by 159.2% during the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock worth $55,000 after buying an additional 4,851 shares during the period. Headlands Technologies LLC acquired a new stake in American Axle & Manufacturing during the 2nd quarter worth $75,000. EntryPoint Capital LLC acquired a new stake in American Axle & Manufacturing during the 1st quarter worth $76,000. Finally, QRG Capital Management Inc. raised its stake in American Axle & Manufacturing by 13.5% during the 2nd quarter. QRG Capital Management Inc. now owns 14,037 shares of the auto parts company’s stock worth $98,000 after buying an additional 1,665 shares during the period. Institutional investors and hedge funds own 91.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AXL shares. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Bank of America boosted their price target on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of “Hold” and an average price target of $7.10.

American Axle & Manufacturing Price Performance

NYSE:AXL opened at $6.05 on Wednesday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.30 and a current ratio of 1.68. The stock’s 50-day simple moving average is $6.16 and its 200 day simple moving average is $6.84. The company has a market cap of $711.20 million, a P/E ratio of -86.43 and a beta of 1.94. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $5.43 and a 52-week high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%. American Axle & Manufacturing’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.34 EPS for the current fiscal year.

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.