Barclays PLC Purchases 942,186 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Barclays PLC raised its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXLFree Report) by 522.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,122,458 shares of the auto parts company’s stock after buying an additional 942,186 shares during the period. Barclays PLC’s holdings in American Axle & Manufacturing were worth $8,149,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in American Axle & Manufacturing by 136.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,246 shares of the auto parts company’s stock valued at $33,000 after buying an additional 2,452 shares during the last quarter. Point72 Hong Kong Ltd increased its stake in shares of American Axle & Manufacturing by 703.4% during the 1st quarter. Point72 Hong Kong Ltd now owns 8,886 shares of the auto parts company’s stock worth $69,000 after purchasing an additional 7,780 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in shares of American Axle & Manufacturing during the 3rd quarter worth approximately $72,000. Guggenheim Capital LLC increased its stake in shares of American Axle & Manufacturing by 15.0% during the 1st quarter. Guggenheim Capital LLC now owns 12,212 shares of the auto parts company’s stock worth $95,000 after purchasing an additional 1,594 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of American Axle & Manufacturing during the 4th quarter worth approximately $95,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock opened at $8.07 on Thursday. The firm’s fifty day moving average price is $8.11 and its 200-day moving average price is $7.69. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.34 and a current ratio of 1.71. The stock has a market cap of $944.67 million, a P/E ratio of -806.19, a price-to-earnings-growth ratio of 4.87 and a beta of 2.28. American Axle & Manufacturing Holdings, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $10.12.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AXL. Royal Bank of Canada decreased their price target on shares of American Axle & Manufacturing from $8.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 6th. TheStreet lowered shares of American Axle & Manufacturing from a “c” rating to a “d+” rating in a research note on Friday, November 3rd. Citigroup decreased their price target on shares of American Axle & Manufacturing from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, October 11th. Bank of America lowered shares of American Axle & Manufacturing from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $9.00 to $8.00 in a research note on Tuesday, November 28th. Finally, UBS Group downgraded shares of American Axle & Manufacturing from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $8.00 to $6.50 in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and an average price target of $7.83.

Read Our Latest Report on AXL

American Axle & Manufacturing Company Profile

(Free Report)

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 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.

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Institutional Ownership by Quarter for American Axle & Manufacturing (NYSE:AXL)

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