American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP boosted its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 876,266 shares of the auto parts company's stock after acquiring an additional 165,905 shares during the quarter. Trexquant Investment LP owned about 0.75% of American Axle & Manufacturing worth $5,109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AXL. XTX Topco Ltd purchased a new stake in American Axle & Manufacturing in the 3rd quarter valued at about $62,000. Cibc World Markets Corp acquired a new position in shares of American Axle & Manufacturing in the 4th quarter worth approximately $63,000. Zacks Investment Management purchased a new position in shares of American Axle & Manufacturing during the 3rd quarter worth approximately $70,000. Quarry LP increased its holdings in American Axle & Manufacturing by 51.9% in the 3rd quarter. Quarry LP now owns 11,997 shares of the auto parts company's stock valued at $74,000 after purchasing an additional 4,098 shares during the last quarter. Finally, AXQ Capital LP purchased a new position in shares of American Axle & Manufacturing during the fourth quarter worth $77,000. Hedge funds and other institutional investors own 91.41% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley cut their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Cowen assumed coverage on shares of American Axle & Manufacturing in a report on Thursday, March 6th. They set a "hold" rating on the stock. StockNews.com lowered shares of American Axle & Manufacturing from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Barclays decreased their price target on American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Finally, TD Cowen assumed coverage on American Axle & Manufacturing in a report on Friday, March 7th. They set a "hold" rating and a $5.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $6.69.

American Axle & Manufacturing Stock Performance

Shares of AXL stock traded down $0.44 during trading hours on Thursday, reaching $3.03. 1,186,508 shares of the company's stock were exchanged, compared to its average volume of 2,511,030. 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 Holdings, Inc. has a 1 year low of $3.02 and a 1 year high of $7.98. The company has a market cap of $357.96 million, a P/E ratio of 10.80 and a beta of 1.70. The company's 50 day moving average is $4.60 and its two-hundred day moving average is $5.59.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last issued its earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. 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 previous year, the firm earned ($0.09) EPS. The business's revenue was down 5.6% on a year-over-year basis. Equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

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.