ExodusPoint Capital Management LP Acquires New Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

ExodusPoint Capital Management LP purchased a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 354,259 shares of the auto parts company's stock, valued at approximately $2,065,000. ExodusPoint Capital Management LP owned about 0.30% of American Axle & Manufacturing as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AXL. XTX Topco Ltd acquired a new position in American Axle & Manufacturing in the 3rd quarter valued at $62,000. Cibc World Markets Corp purchased a new position in American Axle & Manufacturing during the fourth quarter worth about $63,000. Zacks Investment Management purchased a new position in American Axle & Manufacturing during the third quarter worth about $70,000. AXQ Capital LP acquired a new stake in American Axle & Manufacturing in the 4th quarter worth about $77,000. Finally, Virtu Financial LLC purchased a new stake in American Axle & Manufacturing in the 4th quarter valued at about $89,000. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Stock Down 0.3 %

AXL stock traded down $0.01 during trading on Monday, reaching $3.09. The stock had a trading volume of 212,635 shares, compared to its average volume of 1,751,395. The firm has a fifty day moving average price of $4.52 and a 200 day moving average price of $5.55. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. The company has a market capitalization of $365.65 million, a P/E ratio of 11.04 and a beta of 1.70. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $3.01 and a 1-year high of $7.98.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, meeting analysts' consensus estimates of ($0.06). American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business posted ($0.09) earnings per share. American Axle & Manufacturing's revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AXL shares. StockNews.com cut shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Barclays lowered their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. UBS Group cut their target price on American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday. Cowen started coverage on American Axle & Manufacturing in a research report on Thursday, March 6th. They set a "hold" rating for the company. Finally, Morgan Stanley cut their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, American Axle & Manufacturing has an average rating of "Hold" and a consensus price target of $6.38.

American Axle & Manufacturing Company Profile

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.