Xponance Inc. Has $127,000 Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Xponance Inc. decreased its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,365 shares of the auto parts company’s stock after selling 2,061 shares during the quarter. Xponance Inc.’s holdings in American Axle & Manufacturing were worth $127,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC acquired a new position in American Axle & Manufacturing during the third quarter worth $76,000. QRG Capital Management Inc. acquired a new position in American Axle & Manufacturing during the third quarter worth $84,000. Jump Financial LLC acquired a new position in American Axle & Manufacturing during the third quarter worth $141,000. MGO One Seven LLC boosted its holdings in American Axle & Manufacturing by 18.2% during the third quarter. MGO One Seven LLC now owns 19,661 shares of the auto parts company’s stock worth $143,000 after purchasing an additional 3,022 shares during the last quarter. Finally, Corton Capital Inc. acquired a new position in American Axle & Manufacturing during the third quarter worth $154,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

Analysts Set New Price Targets

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

American Axle & Manufacturing Stock Performance

NYSE:AXL opened at $7.52 on Monday. The company has a fifty day moving average of $7.09 and a 200-day moving average of $7.48. The firm has a market capitalization of $883.90 million, a P/E ratio of -26.86, a P/E/G ratio of 2.71 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 twelve month low of $6.29 and a twelve 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) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.10. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. American Axle & Manufacturing had a negative net margin of 0.55% and a negative return on equity of 1.78%. American Axle & Manufacturing’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) EPS. As a group, sell-side analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.34 EPS for the current year.

About American Axle & Manufacturing

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.