Jacobs Levy Equity Management Inc. Acquires 548,860 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Jacobs Levy Equity Management Inc. grew its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 31.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,273,917 shares of the auto parts company's stock after purchasing an additional 548,860 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.93% of American Axle & Manufacturing worth $14,053,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in American Axle & Manufacturing during the 2nd quarter worth about $41,000. KBC Group NV lifted its position in 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 valued at $44,000 after purchasing an additional 3,211 shares during the period. Quarry LP lifted its position in American Axle & Manufacturing by 159.2% during the 2nd 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 period. Headlands Technologies LLC acquired a new position in American Axle & Manufacturing during the 2nd quarter valued at about $75,000. Finally, Creative Planning bought a new stake in shares of American Axle & Manufacturing in the 3rd quarter valued at about $80,000. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Stock Down 2.9 %

Shares of NYSE AXL traded down $0.20 during trading hours on Thursday, hitting $6.67. The company had a trading volume of 932,244 shares, compared to its average volume of 1,574,821. The firm's 50 day moving average is $6.28 and its 200-day moving average is $6.60. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $5.43 and a 1-year high of $8.99. The stock has a market capitalization of $784.26 million, a P/E ratio of 27.79 and a beta of 1.95. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28.

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. 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm earned ($0.11) earnings per share. The company's revenue was down 3.0% on a year-over-year basis. On average, analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AXL shares. Bank of America upped their price target on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an "underperform" rating in a research note on Monday, August 12th. Wolfe Research raised American Axle & Manufacturing to a "hold" rating in a research note on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, American Axle & Manufacturing has an average rating of "Hold" and a consensus price target of $7.38.

American Axle & Manufacturing 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.