Whitebox Advisors LLC Boosts Stock Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Whitebox Advisors LLC lifted its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 38.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,415,173 shares of the auto parts company's stock after purchasing an additional 389,760 shares during the period. Whitebox Advisors LLC owned about 1.20% of American Axle & Manufacturing worth $8,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AXL. Jacobs Levy Equity Management Inc. increased its stake in American Axle & Manufacturing by 31.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company's stock worth $14,053,000 after buying an additional 548,860 shares in the last quarter. Algert Global LLC boosted its stake in shares of American Axle & Manufacturing by 263.9% in the second quarter. Algert Global LLC now owns 698,364 shares of the auto parts company's stock worth $4,882,000 after acquiring an additional 506,476 shares during the period. American Century Companies Inc. grew its position in shares of American Axle & Manufacturing by 16.1% during the second quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company's stock worth $20,197,000 after purchasing an additional 399,616 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in American Axle & Manufacturing by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company's stock valued at $57,797,000 after purchasing an additional 236,423 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in American Axle & Manufacturing by 540.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company's stock worth $1,233,000 after purchasing an additional 168,348 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of American Axle & Manufacturing to a "hold" rating in a research report on Wednesday, September 4th. Bank of America boosted their price target 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. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, American Axle & Manufacturing presently has an average rating of "Hold" and an average price target of $7.38.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock traded down $0.04 during mid-day trading on Friday, reaching $6.63. 1,227,777 shares of the company's stock traded hands, compared to its average volume of 1,641,304. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $5.43 and a 12-month high of $8.99. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28. The stock has a 50 day moving average of $6.28 and a two-hundred day moving average of $6.59. The company has a market cap of $779.56 million, a price-to-earnings ratio of 27.63 and a beta of 1.95.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its earnings results 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. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.51 billion. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The business's revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) EPS. Equities analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.47 earnings per share for the current 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.