EMC Capital Management Purchases 13,856 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

EMC Capital Management raised its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 151.4% during the fourth quarter, Holdings Channel reports. The fund owned 23,005 shares of the auto parts company’s stock after acquiring an additional 13,856 shares during the period. EMC Capital Management’s holdings in American Axle & Manufacturing were worth $134,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV lifted its stake in shares of American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 3,211 shares during the period. Quarry LP raised its position in American Axle & Manufacturing by 159.2% in the second quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 4,851 shares during the period. XTX Topco Ltd purchased a new position in shares of American Axle & Manufacturing during the 3rd quarter worth $62,000. Zacks Investment Management bought a new stake in shares of American Axle & Manufacturing during the 3rd quarter valued at $70,000. Finally, Paloma Partners Management Co purchased a new stake in shares of American Axle & Manufacturing in the 3rd quarter worth $80,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.30.

American Axle & Manufacturing Stock Up 3.1 %

AXL opened at $5.41 on Friday. The stock has a market cap of $635.52 million, a price-to-earnings ratio of 22.52 and a beta of 1.96. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65. The firm’s fifty day moving average is $6.13 and its 200 day moving average is $6.26. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $5.15 and a fifty-two week high of $8.98.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.25. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) earnings per share. On average, sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.47 earnings per share for the current fiscal year.

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.