American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Short Interest Up 22.9% in February

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 9,560,000 shares, an increase of 22.9% from the January 31st total of 7,780,000 shares. Currently, 8.7% of the company's stock are sold short. Based on an average daily volume of 2,000,000 shares, the short-interest ratio is presently 4.8 days.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AXL shares. Barclays cut their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada reissued a "sector perform" rating and issued a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. TD Cowen initiated coverage on American Axle & Manufacturing in a research report on Friday. They issued a "hold" rating and a $5.00 price target for the company. Morgan Stanley lowered their price target on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, UBS Group lowered their price target on American Axle & Manufacturing from $6.50 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $6.69.

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American Axle & Manufacturing Stock Performance

Shares of American Axle & Manufacturing stock traded down $0.13 during trading hours on Friday, hitting $4.67. 2,288,576 shares of the company's stock traded hands, compared to its average volume of 1,714,920. American Axle & Manufacturing has a 12-month low of $4.45 and a 12-month high of $7.98. The stock has a market capitalization of $548.52 million, a price-to-earnings ratio of 16.66 and a beta of 1.85. The company has a fifty day simple moving average of $5.41 and a 200-day simple moving average of $5.95. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) 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 firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm posted ($0.09) EPS. The business's revenue was down 5.6% compared to the same quarter last year. Equities research analysts anticipate that American Axle & Manufacturing will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On American Axle & Manufacturing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of American Axle & Manufacturing by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 15,713,232 shares of the auto parts company's stock worth $91,608,000 after purchasing an additional 462,847 shares in the last quarter. State Street Corp grew its stake in American Axle & Manufacturing by 0.5% in the 3rd quarter. State Street Corp now owns 4,704,889 shares of the auto parts company's stock valued at $29,076,000 after buying an additional 23,538 shares in the last quarter. American Century Companies Inc. raised its holdings in 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 valued at $22,483,000 after acquiring an additional 426,933 shares during the period. Geode Capital Management LLC lifted its position in shares of American Axle & Manufacturing by 0.8% during the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of American Axle & Manufacturing by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company's stock worth $15,837,000 after acquiring an additional 65,535 shares during the period. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Company 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.