Miller Value Partners LLC Has $3.09 Million Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Miller Value Partners LLC increased its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 126.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 529,590 shares of the auto parts company's stock after acquiring an additional 295,950 shares during the quarter. American Axle & Manufacturing comprises 1.3% of Miller Value Partners LLC's portfolio, making the stock its 27th biggest holding. Miller Value Partners LLC owned 0.45% of American Axle & Manufacturing worth $3,088,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of American Axle & Manufacturing by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company's stock worth $91,608,000 after acquiring an additional 462,847 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of American Axle & Manufacturing by 12.4% during the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock worth $22,483,000 after acquiring an additional 426,933 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of American Axle & Manufacturing by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company's stock worth $16,411,000 after acquiring an additional 21,054 shares during the last quarter. Invesco Ltd. increased its holdings in shares of American Axle & Manufacturing by 6.0% during the 4th quarter. Invesco Ltd. now owns 1,910,909 shares of the auto parts company's stock worth $11,141,000 after acquiring an additional 108,413 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of American Axle & Manufacturing by 17.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,484,599 shares of the auto parts company's stock worth $8,655,000 after acquiring an additional 224,200 shares during the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

American Axle & Manufacturing Price Performance

Shares of American Axle & Manufacturing stock traded up $0.03 during trading on Monday, reaching $3.76. 1,848,829 shares of the company's stock were exchanged, compared to its average volume of 1,813,834. 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 1-year low of $3.00 and a 1-year high of $7.98. The company has a market cap of $444.93 million, a P/E ratio of 13.43 and a beta of 1.70. The firm's 50-day moving average price is $4.19 and its 200 day moving average price is $5.36.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting 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 company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter in the previous year, the firm earned ($0.09) EPS. American Axle & Manufacturing's revenue was down 5.6% on a year-over-year basis. As a group, research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on AXL shares. Cowen started coverage on American Axle & Manufacturing in a research note on Thursday, March 6th. They issued a "hold" rating for the company. TD Cowen started coverage on American Axle & Manufacturing in a research note on Friday, March 7th. They issued a "hold" rating and a $5.00 price target for the company. Royal Bank of Canada restated a "sector perform" rating and issued a $5.00 price target on shares of American Axle & Manufacturing in a research note on Wednesday, April 16th. Barclays reduced their price target on 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. Finally, StockNews.com downgraded American Axle & Manufacturing from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.25.

About American Axle & Manufacturing

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.