Renaissance Technologies LLC Has $8.66 Million Stock Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Renaissance Technologies LLC increased its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,484,599 shares of the auto parts company's stock after acquiring an additional 224,200 shares during the quarter. Renaissance Technologies LLC owned 1.26% of American Axle & Manufacturing worth $8,655,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dana Investment Advisors Inc. raised its holdings in shares of American Axle & Manufacturing by 30.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 1,097,655 shares of the auto parts company's stock valued at $6,399,000 after acquiring an additional 256,150 shares during the period. American Century Companies Inc. increased its stake in American Axle & Manufacturing by 12.4% in the 4th quarter. American Century Companies Inc. now owns 3,856,509 shares of the auto parts company's stock valued at $22,483,000 after buying an additional 426,933 shares during the period. Trexquant Investment LP increased its stake in American Axle & Manufacturing by 23.4% in the 4th quarter. Trexquant Investment LP now owns 876,266 shares of the auto parts company's stock valued at $5,109,000 after buying an additional 165,905 shares during the period. XTX Topco Ltd acquired a new position in American Axle & Manufacturing in the 3rd quarter valued at approximately $62,000. Finally, Barclays PLC increased its stake in American Axle & Manufacturing by 274.4% in the 3rd quarter. Barclays PLC now owns 199,795 shares of the auto parts company's stock valued at $1,234,000 after buying an additional 146,430 shares during the period. Institutional investors and hedge funds own 91.41% of the company's stock.

American Axle & Manufacturing Stock Performance

AXL traded up $0.13 on Wednesday, hitting $3.50. 356,514 shares of the stock traded hands, compared to its average volume of 1,787,247. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $3.00 and a 52 week high of $7.98. 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 capitalization of $414.17 million, a PE ratio of 12.50 and a beta of 1.70. The business has a fifty day moving average price of $4.29 and a two-hundred day moving average price of $5.41.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company posted ($0.09) EPS. The company's revenue was down 5.6% compared to the same quarter last year. On average, research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AXL. Cowen began coverage on shares of American Axle & Manufacturing in a research note on Thursday, March 6th. They issued a "hold" rating on the stock. StockNews.com downgraded shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th. 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $5.00 price objective on shares of American Axle & Manufacturing in a report on Wednesday, April 16th. Finally, TD Cowen began coverage on shares of American Axle & Manufacturing in a report on Friday, March 7th. They set a "hold" rating and a $5.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, American Axle & Manufacturing currently has a consensus rating of "Hold" and a consensus price target 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.