SG Americas Securities LLC Has $125,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

SG Americas Securities LLC lowered its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 77.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,196 shares of the auto parts company’s stock after selling 48,689 shares during the period. SG Americas Securities LLC’s holdings in American Axle & Manufacturing were worth $125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Partners acquired a new position in American Axle & Manufacturing in the third quarter worth $2,833,000. Barclays PLC boosted its stake in American Axle & Manufacturing by 522.6% in the third quarter. Barclays PLC now owns 1,122,458 shares of the auto parts company’s stock worth $8,149,000 after purchasing an additional 942,186 shares in the last quarter. Vanguard Group Inc. raised its position in shares of American Axle & Manufacturing by 1.0% during the third quarter. Vanguard Group Inc. now owns 13,954,294 shares of the auto parts company’s stock worth $101,308,000 after acquiring an additional 144,529 shares during the last quarter. AQR Capital Management LLC raised its position in shares of American Axle & Manufacturing by 25.8% during the third quarter. AQR Capital Management LLC now owns 949,974 shares of the auto parts company’s stock worth $6,897,000 after acquiring an additional 194,863 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of American Axle & Manufacturing by 15.1% during the third quarter. American Century Companies Inc. now owns 1,859,737 shares of the auto parts company’s stock worth $13,502,000 after acquiring an additional 243,924 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AXL shares. StockNews.com upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. UBS Group upgraded American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 target price for the company in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and an average price target of $7.70.

American Axle & Manufacturing Trading Down 1.0 %

NYSE AXL opened at $6.95 on Thursday. The stock has a 50-day simple moving average of $7.22 and a 200 day simple moving average of $7.47. The company has a market capitalization of $816.90 million, a PE ratio of -24.82, a P/E/G ratio of 2.84 and a beta of 2.22. The company has a current ratio of 1.67, a quick ratio of 1.27 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.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, February 16th. The auto parts company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.10. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. American Axle & Manufacturing had a negative return on equity of 1.78% and a negative net margin of 0.55%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.3 EPS for the current year.

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.