Marshall Wace LLP Raises Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Marshall Wace LLP increased its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 201.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,246,559 shares of the auto parts company's stock after buying an additional 832,726 shares during the quarter. Marshall Wace LLP owned about 1.06% of American Axle & Manufacturing worth $7,267,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AXL. Guggenheim Capital LLC grew its position in American Axle & Manufacturing by 50.0% in the fourth quarter. Guggenheim Capital LLC now owns 25,541 shares of the auto parts company's stock valued at $149,000 after acquiring an additional 8,518 shares in the last quarter. XTX Topco Ltd grew its holdings in American Axle & Manufacturing by 1,011.0% during the 4th quarter. XTX Topco Ltd now owns 111,287 shares of the auto parts company's stock valued at $649,000 after purchasing an additional 101,270 shares in the last quarter. Barclays PLC increased its stake in American Axle & Manufacturing by 26.1% during the 4th quarter. Barclays PLC now owns 251,899 shares of the auto parts company's stock worth $1,470,000 after buying an additional 52,104 shares during the period. Raymond James Financial Inc. purchased a new position in American Axle & Manufacturing in the 4th quarter valued at about $183,000. Finally, Renaissance Technologies LLC boosted its position in American Axle & Manufacturing by 17.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,484,599 shares of the auto parts company's stock valued at $8,655,000 after buying an additional 224,200 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

American Axle & Manufacturing Trading Up 1.1 %

NYSE AXL opened at $3.37 on Wednesday. The company has a debt-to-equity ratio of 4.58, a quick ratio of 1.25 and a current ratio of 1.63. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $7.98. The company has a 50-day simple moving average of $4.29 and a 200-day simple moving average of $5.41. The firm has a market capitalization of $398.19 million, a PE ratio of 12.02 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on AXL. UBS Group cut their price target on 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. Cowen began coverage on American Axle & Manufacturing in a research report on Thursday, March 6th. They issued a "hold" rating on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $5.00 price target on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. TD Cowen began coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They issued a "hold" rating and a $5.00 price target on the stock. Finally, Morgan Stanley decreased their price objective on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.25.

American Axle & Manufacturing 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.

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