Y Intercept Hong Kong Ltd Has $377,000 Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Y Intercept Hong Kong Ltd raised its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 80.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,701 shares of the auto parts company’s stock after buying an additional 28,804 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American Axle & Manufacturing were worth $377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its position in American Axle & Manufacturing by 45.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 385,067 shares of the auto parts company’s stock valued at $2,380,000 after acquiring an additional 119,991 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of American Axle & Manufacturing in the 3rd quarter valued at about $62,000. Barclays PLC lifted its holdings in shares of American Axle & Manufacturing by 274.4% in the third quarter. Barclays PLC now owns 199,795 shares of the auto parts company’s stock valued at $1,234,000 after purchasing an additional 146,430 shares in the last quarter. FMR LLC boosted its position in shares of American Axle & Manufacturing by 25.8% during the third quarter. FMR LLC now owns 511,378 shares of the auto parts company’s stock worth $3,160,000 after buying an additional 104,936 shares during the period. Finally, Whitebox Advisors LLC grew its holdings in shares of American Axle & Manufacturing by 38.0% during the third 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 in the last quarter. 91.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com cut shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Morgan Stanley dropped their target price on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday. UBS Group decreased their price target on American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays decreased their target price on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.93.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $4.75 on Tuesday. The company has a market capitalization of $558.51 million, a price-to-earnings ratio of 16.96 and a beta of 1.94. The company has a current ratio of 1.63, a quick ratio of 1.25 and a debt-to-equity ratio of 4.58. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $4.70 and a 12 month high of $7.98. The stock’s 50 day moving average is $5.51 and its 200-day moving average is $5.99.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) earnings per share. Equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

American Axle & Manufacturing Company Profile

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.