LSV Asset Management Cuts Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

LSV Asset Management decreased its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 771,894 shares of the auto parts company's stock after selling 577,906 shares during the quarter. LSV Asset Management owned approximately 0.66% of American Axle & Manufacturing worth $4,500,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AXL. XTX Topco Ltd bought a new position in shares of American Axle & Manufacturing in the third quarter worth about $62,000. Cibc World Markets Corp purchased a new stake in American Axle & Manufacturing during the 4th quarter valued at approximately $63,000. Polymer Capital Management US LLC purchased a new position in shares of American Axle & Manufacturing in the fourth quarter worth $77,000. AXQ Capital LP bought a new position in shares of American Axle & Manufacturing during the fourth quarter worth $77,000. Finally, Virtu Financial LLC purchased a new position in American Axle & Manufacturing during the fourth quarter valued at $89,000. Institutional investors own 91.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AXL shares. Royal Bank of Canada restated a "sector perform" rating and set a $5.00 price objective on shares of American Axle & Manufacturing in a research report on Wednesday. UBS Group decreased their price target on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. StockNews.com downgraded shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Cowen initiated coverage on American Axle & Manufacturing in a research report on Thursday, March 6th. They issued a "hold" rating for the company. Finally, Morgan Stanley lowered their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.25.

American Axle & Manufacturing Trading Up 3.3 %

Shares of AXL traded up $0.11 during trading hours on Friday, reaching $3.33. 2,204,616 shares of the company traded hands, compared to its average volume of 1,782,246. 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 firm has a market cap of $393.46 million, a price-to-earnings ratio of 11.88 and a beta of 1.70. The stock's fifty day moving average price is $4.38 and its 200 day moving average price is $5.47. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $3.00 and a 12-month high of $7.98.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.39 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. American Axle & Manufacturing's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

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.