Connor Clark & Lunn Investment Management Ltd. Trims Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 39.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,697 shares of the auto parts company's stock after selling 95,883 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.12% of American Axle & Manufacturing worth $900,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AXL. Thrivent Financial for Lutherans grew its position in American Axle & Manufacturing by 45.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company's stock worth $2,380,000 after acquiring an additional 119,991 shares during the last quarter. Empowered Funds LLC increased its stake in shares of American Axle & Manufacturing by 5.4% in the third quarter. Empowered Funds LLC now owns 524,226 shares of the auto parts company's stock valued at $3,240,000 after buying an additional 26,666 shares during the period. KBC Group NV raised its holdings in 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 buying an additional 3,211 shares during the last quarter. MQS Management LLC bought a new position in American Axle & Manufacturing in the 3rd quarter valued at approximately $207,000. Finally, Aigen Investment Management LP bought a new stake in shares of American Axle & Manufacturing in the third quarter worth $121,000. 91.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AXL shares. Wolfe Research upgraded American Axle & Manufacturing to a "hold" rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Finally, Bank of America lifted their price objective on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an "underperform" rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.38.

American Axle & Manufacturing Stock Performance

Shares of NYSE AXL traded up $0.07 during mid-day trading on Thursday, hitting $6.70. The company had a trading volume of 1,052,899 shares, compared to its average volume of 1,582,152. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $5.43 and a 1 year high of $8.99. The stock's 50-day moving average price is $6.20 and its 200-day moving average price is $6.64. 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 company has a market capitalization of $787.79 million, a price-to-earnings ratio of 27.92 and a beta of 1.95.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.25. The business 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%. American Axle & Manufacturing's revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) EPS. On average, sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.45 earnings per share for the current 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.