XTX Topco Ltd Acquires New Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

XTX Topco Ltd bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,017 shares of the auto parts company’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXL. nVerses Capital LLC bought a new position in shares of American Axle & Manufacturing during the second quarter worth about $41,000. KBC Group NV grew its stake in shares of 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 in the last quarter. Quarry LP raised its holdings in shares of American Axle & Manufacturing by 159.2% in the second quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 4,851 shares during the last quarter. Zacks Investment Management acquired a new position in American Axle & Manufacturing during the third quarter worth $70,000. Finally, Headlands Technologies LLC bought a new position in American Axle & Manufacturing in the second quarter valued at $75,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AXL. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.38.

American Axle & Manufacturing Stock Down 1.9 %

AXL stock opened at $5.78 on Friday. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $5.43 and a 1-year high of $8.99. The business’s 50 day simple moving average is $6.34 and its 200 day simple moving average is $6.51. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $679.62 million, a PE ratio of 24.08 and a beta of 1.95.

American Axle & Manufacturing (NYSE:AXL) last issued its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.25. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The company’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. As a group, research analysts anticipate 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, 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.