American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by PDT Partners LLC

PDT Partners LLC decreased its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 81.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,606 shares of the auto parts company's stock after selling 174,043 shares during the period. PDT Partners LLC's holdings in American Axle & Manufacturing were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Martingale Asset Management L P increased its position in American Axle & Manufacturing by 49.1% during the third quarter. Martingale Asset Management L P now owns 82,849 shares of the auto parts company's stock valued at $512,000 after acquiring an additional 27,298 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of American Axle & Manufacturing by 1.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 303,709 shares of the auto parts company's stock valued at $1,877,000 after purchasing an additional 3,968 shares during the period. FMR LLC boosted its stake in shares of American Axle & Manufacturing by 25.8% during the third quarter. FMR LLC now owns 511,378 shares of the auto parts company's stock valued at $3,160,000 after purchasing an additional 104,936 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of American Axle & Manufacturing by 325.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 194,682 shares of the auto parts company's stock valued at $1,204,000 after purchasing an additional 148,909 shares during the period. Finally, Algert Global LLC boosted its stake in shares of American Axle & Manufacturing by 31.9% during the third quarter. Algert Global LLC now owns 921,396 shares of the auto parts company's stock valued at $5,694,000 after purchasing an additional 223,032 shares during the period. Institutional investors own 91.41% of the company's stock.

American Axle & Manufacturing Stock Up 1.4 %

Shares of AXL stock traded up $0.10 during mid-day trading on Wednesday, hitting $6.87. 1,069,617 shares of the stock traded hands, compared to its average volume of 1,577,490. The stock has a market cap of $807.19 million, a P/E ratio of 28.21 and a beta of 1.95. The stock's fifty day moving average is $6.25 and its two-hundred day moving average is $6.60. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $5.43 and a 52-week high of $8.99. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The company's revenue for the quarter was down 3.0% compared to the same quarter last year. Equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. Wolfe Research raised shares of American Axle & Manufacturing to a "hold" rating in a research note on Wednesday, September 4th. Finally, Bank of America upped their price objective on shares of American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an "underperform" rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.