American Axle & Manufacturing (NYSE:AXL) Shares Up 6.4% - What's Next?

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) rose 6.4% during trading on Tuesday . The stock traded as high as $5.79 and last traded at $5.79. Approximately 798,055 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,532,972 shares. The stock had previously closed at $5.44.

American Axle & Manufacturing Stock Up 7.9 %

The firm has a market cap of $690.20 million, a PE ratio of 24.46 and a beta of 1.96. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The business has a 50-day moving average price of $6.26 and a two-hundred day moving average price of $6.34.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned ($0.11) EPS. American Axle & Manufacturing's revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current year.

Institutional Investors Weigh In On American Axle & Manufacturing

Institutional investors have recently modified their holdings of the company. Atom Investors LP raised its holdings 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 in the last quarter. Xponance Inc. grew its holdings in shares of American Axle & Manufacturing by 18.2% during the second quarter. Xponance Inc. now owns 18,225 shares of the auto parts company's stock worth $127,000 after purchasing an additional 2,800 shares during the last quarter. Highland Capital Management LLC increased its position in shares of American Axle & Manufacturing by 10.8% during the third quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company's stock worth $182,000 after purchasing an additional 2,868 shares in the last quarter. KBC Group NV lifted its holdings in shares of American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock valued at $44,000 after purchasing an additional 3,211 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in shares of 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 valued at $107,000 after purchasing an additional 3,861 shares during the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.

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.