Assenagon Asset Management S.A. Has $1.23 Million Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Assenagon Asset Management S.A. boosted its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 540.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 199,514 shares of the auto parts company's stock after purchasing an additional 168,348 shares during the period. Assenagon Asset Management S.A. owned about 0.17% of American Axle & Manufacturing worth $1,233,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of American Axle & Manufacturing by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 14,146,031 shares of the auto parts company's stock worth $124,627,000 after acquiring an additional 191,737 shares during the last quarter. BNP Paribas Financial Markets boosted its position in American Axle & Manufacturing by 42.0% in the first quarter. BNP Paribas Financial Markets now owns 79,267 shares of the auto parts company's stock valued at $583,000 after buying an additional 23,437 shares in the last quarter. Capstone Investment Advisors LLC grew its stake in shares of American Axle & Manufacturing by 232.1% during the first quarter. Capstone Investment Advisors LLC now owns 100,369 shares of the auto parts company's stock worth $739,000 after buying an additional 70,150 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of American Axle & Manufacturing during the first quarter worth $276,000. Finally, GSA Capital Partners LLP bought a new position in shares of American Axle & Manufacturing in the 1st quarter valued at $1,161,000. Institutional investors and hedge funds own 91.41% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a report on Tuesday, September 10th. Wolfe Research upgraded shares of American Axle & Manufacturing to a "hold" rating in a report on Wednesday, September 4th. Finally, Bank of America lifted their target price on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an "underperform" rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7.10.

American Axle & Manufacturing Trading Up 1.9 %

AXL stock traded up $0.11 during trading on Friday, hitting $5.76. The company had a trading volume of 2,052,796 shares, compared to its average volume of 1,559,042. The company has a current ratio of 1.68, a quick ratio of 1.30 and a debt-to-equity ratio of 4.42. American Axle & Manufacturing Holdings, Inc. has a one year low of $5.43 and a one year high of $8.99. The business has a 50-day moving average of $6.10 and a 200-day moving average of $6.77. The stock has a market cap of $677.26 million, a PE ratio of 576.58 and a beta of 1.94.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.08. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.59 billion. American Axle & Manufacturing had a net margin of 0.04% and a return on equity of 3.47%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. Research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.35 earnings per share for the current fiscal year.

About American Axle & Manufacturing

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.