American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Short Interest Update

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,030,000 shares, a growth of 13.3% from the October 31st total of 4,440,000 shares. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is presently 3.1 days. Approximately 4.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AXL. Jacobs Levy Equity Management Inc. grew its position in shares of American Axle & Manufacturing by 31.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock valued at $14,053,000 after purchasing an additional 548,860 shares during the last quarter. Algert Global LLC boosted its stake in American Axle & Manufacturing by 263.9% in the 2nd quarter. Algert Global LLC now owns 698,364 shares of the auto parts company’s stock valued at $4,882,000 after purchasing an additional 506,476 shares during the period. American Century Companies Inc. grew its holdings in American Axle & Manufacturing by 16.1% in the 2nd quarter. American Century Companies Inc. now owns 2,889,357 shares of the auto parts company’s stock valued at $20,197,000 after buying an additional 399,616 shares in the last quarter. Whitebox Advisors LLC increased its position in American Axle & Manufacturing by 38.0% during the 3rd quarter. Whitebox Advisors LLC now owns 1,415,173 shares of the auto parts company’s stock worth $8,746,000 after buying an additional 389,760 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of American Axle & Manufacturing by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 8,268,651 shares of the auto parts company’s stock worth $57,797,000 after buying an additional 236,423 shares in the last quarter. 91.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AXL shares. Bank of America increased their price objective 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. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a research note on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.38.

American Axle & Manufacturing Stock Performance

Shares of AXL traded down $0.06 during mid-day trading on Tuesday, reaching $6.77. The company’s stock had a trading volume of 994,659 shares, compared to its average volume of 1,730,960. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. American Axle & Manufacturing has a 1-year low of $5.43 and a 1-year high of $8.99. The business has a 50-day simple moving average of $6.25 and a two-hundred day simple moving average of $6.60. The stock has a market cap of $796.02 million, a P/E ratio of 28.21 and a beta of 1.95.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 EPS 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 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 company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) earnings per share. As a group, equities research analysts anticipate that American Axle & Manufacturing will post 0.47 earnings per share for the current fiscal year.

American Axle & Manufacturing Company 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.