American Axle & Manufacturing (NYSE:AXL) Reaches New 1-Year Low - Should You Sell?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.77 and last traded at $4.77, with a volume of 26916 shares changing hands. The stock had previously closed at $4.87.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. One investment 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.30.

American Axle & Manufacturing Stock Up 8.1 %

The firm has a 50 day simple moving average of $5.73 and a two-hundred day simple moving average of $6.08. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. The stock has a market cap of $603.77 million, a price-to-earnings ratio of 21.40 and a beta of 1.94.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. The company's quarterly revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.49 EPS for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

A number of hedge funds have recently modified their holdings of the business. Whitebox Advisors LLC raised its position in shares of American Axle & Manufacturing by 33.7% during the fourth quarter. Whitebox Advisors LLC now owns 1,892,723 shares of the auto parts company's stock worth $11,035,000 after purchasing an additional 477,550 shares during the period. Freestone Grove Partners LP bought a new position in shares of American Axle & Manufacturing during the fourth quarter worth about $245,000. Northern Trust Corp grew its holdings in shares of American Axle & Manufacturing by 10.5% during the fourth quarter. Northern Trust Corp now owns 1,269,263 shares of the auto parts company's stock worth $7,400,000 after buying an additional 120,242 shares in the last quarter. Lonestar Capital Management LLC bought a new position in shares of American Axle & Manufacturing during the fourth quarter worth about $3,893,000. Finally, Aquatic Capital Management LLC grew its holdings in shares of American Axle & Manufacturing by 100.0% during the fourth quarter. Aquatic Capital Management LLC now owns 88,583 shares of the auto parts company's stock worth $516,000 after buying an additional 44,283 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company's stock.

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.