48,250 Shares in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Acquired by Paloma Partners Management Co

Paloma Partners Management Co purchased a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 48,250 shares of the auto parts company’s stock, valued at approximately $355,000.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in American Axle & Manufacturing by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 14,146,031 shares of the auto parts company’s stock valued at $124,627,000 after purchasing an additional 191,737 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Axle & Manufacturing by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,669,092 shares of the auto parts company’s stock valued at $67,565,000 after purchasing an additional 465,585 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of American Axle & Manufacturing by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,076,121 shares of the auto parts company’s stock valued at $27,101,000 after purchasing an additional 187,653 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of American Axle & Manufacturing by 19.0% in the first quarter. Sequoia Financial Advisors LLC now owns 1,912,907 shares of the auto parts company’s stock valued at $14,079,000 after purchasing an additional 304,847 shares during the last quarter. Finally, Whitebox Advisors LLC raised its holdings in shares of American Axle & Manufacturing by 74.7% in the first quarter. Whitebox Advisors LLC now owns 1,095,642 shares of the auto parts company’s stock valued at $8,064,000 after purchasing an additional 468,573 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

AXL traded down $0.08 on Monday, reaching $7.13. The company had a trading volume of 935,520 shares, compared to its average volume of 1,553,334. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.31 and a current ratio of 1.69. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $6.29 and a 52-week high of $9.54. The company has a market cap of $838.13 million, a price-to-earnings ratio of -101.84 and a beta of 2.04. The business has a 50 day simple moving average of $7.19 and a 200 day simple moving average of $7.36.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, May 3rd. The auto parts company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.16. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.52 billion. American Axle & Manufacturing had a negative net margin of 0.13% and a positive return on equity of 1.92%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) EPS. As a group, sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

AXL has been the subject of several research reports. Citigroup increased their price target on shares of American Axle & Manufacturing from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. StockNews.com upgraded shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. UBS Group increased their price target on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Finally, Bank of America increased their target price on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.00.

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.