Mirae Asset Global Investments Co. Ltd. Has $9.74 Million Stock Holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 8.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,105,235 shares of the auto parts company’s stock after selling 100,267 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in American Axle & Manufacturing were worth $9,737,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its position in American Axle & Manufacturing by 0.9% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 128,704 shares of the auto parts company’s stock valued at $879,000 after acquiring an additional 1,196 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of American Axle & Manufacturing by 8.3% in the third quarter. Envestnet Asset Management Inc. now owns 19,125 shares of the auto parts company’s stock valued at $131,000 after purchasing an additional 1,469 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of American Axle & Manufacturing by 9.0% during the second quarter. ProShare Advisors LLC now owns 17,912 shares of the auto parts company’s stock worth $148,000 after buying an additional 1,482 shares during the period. Captrust Financial Advisors raised its position in American Axle & Manufacturing by 11.7% in the 2nd quarter. Captrust Financial Advisors now owns 14,395 shares of the auto parts company’s stock valued at $108,000 after buying an additional 1,505 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in American Axle & Manufacturing by 15.0% in the 1st quarter. Guggenheim Capital LLC now owns 12,212 shares of the auto parts company’s stock valued at $95,000 after acquiring an additional 1,594 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Down 2.5 %

Shares of American Axle & Manufacturing stock opened at $7.07 on Friday. The stock has a market cap of $831.01 million, a P/E ratio of -25.25, a P/E/G ratio of 2.83 and a beta of 2.22. The company has a quick ratio of 1.27, a current ratio of 1.67 and a debt-to-equity ratio of 4.55. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $6.29 and a 12-month high of $9.55. The business’s 50 day moving average is $7.28 and its 200-day moving average is $7.47.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings results on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.10. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm posted ($0.07) earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AXL has been the subject of several research reports. UBS Group raised shares of American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a research note on Wednesday, February 28th. StockNews.com raised shares of American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.70.

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.