GSA Capital Partners LLP Takes $1.16 Million Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

GSA Capital Partners LLP purchased a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 157,781 shares of the auto parts company’s stock, valued at approximately $1,161,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of American Axle & Manufacturing in the fourth quarter valued at $76,000. Capstone Investment Advisors LLC bought a new stake in American Axle & Manufacturing in the 4th quarter valued at $266,000. Kowal Investment Group LLC raised its stake in shares of American Axle & Manufacturing by 7.3% in the 4th quarter. Kowal Investment Group LLC now owns 32,706 shares of the auto parts company’s stock valued at $288,000 after buying an additional 2,217 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of American Axle & Manufacturing during the 1st quarter worth about $276,000. Finally, Gotham Asset Management LLC boosted its position in shares of American Axle & Manufacturing by 45.6% during the 3rd quarter. Gotham Asset Management LLC now owns 53,782 shares of the auto parts company’s stock valued at $390,000 after acquiring an additional 16,850 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of American Axle & Manufacturing from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. UBS Group raised their target price on American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Finally, StockNews.com upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Hold” and an average price target of $8.00.

American Axle & Manufacturing Stock Up 0.6 %

Shares of AXL stock traded up $0.04 during trading hours on Wednesday, hitting $6.81. 387,562 shares of the company were exchanged, compared to its average volume of 1,582,295. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $6.29 and a 52 week high of $9.55. The business has a 50 day moving average of $7.34 and a two-hundred day moving average of $7.49. The company has a quick ratio of 1.31, a current ratio of 1.69 and a debt-to-equity ratio of 4.40.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, May 3rd. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.16. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.52 billion. American Axle & Manufacturing had a positive return on equity of 1.92% and a negative net margin of 0.13%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. As a group, research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.4 EPS for the current year.

American Axle & Manufacturing Profile

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.