57,623 Shares in American Axle & Manufacturing Holdings, Inc. $AXL Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 57,623 shares of the auto parts company’s stock, valued at approximately $346,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AXL. Hantz Financial Services Inc. raised its position in shares of American Axle & Manufacturing by 267.7% in the third quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock valued at $26,000 after buying an additional 3,191 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in American Axle & Manufacturing during the second quarter worth approximately $47,000. CWM LLC increased its stake in American Axle & Manufacturing by 685.1% during the 2nd quarter. CWM LLC now owns 16,965 shares of the auto parts company’s stock worth $69,000 after acquiring an additional 14,804 shares during the period. Ethic Inc. increased its stake in American Axle & Manufacturing by 63.4% during the 2nd quarter. Ethic Inc. now owns 22,371 shares of the auto parts company’s stock worth $94,000 after acquiring an additional 8,678 shares during the period. Finally, Shay Capital LLC acquired a new position in American Axle & Manufacturing in the 2nd quarter valued at $102,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Up 11.6%

Shares of American Axle & Manufacturing stock opened at $9.18 on Thursday. The firm’s 50 day moving average is $7.91 and its 200 day moving average is $6.73. The firm has a market capitalization of $1.09 billion, a PE ratio of 27.80 and a beta of 1.60. American Axle & Manufacturing Holdings, Inc. has a 1 year low of $3.00 and a 1 year high of $9.00. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 3.61.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AXL shares. Stifel Nicolaus increased their target price on American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, January 23rd. UBS Group increased their price objective on shares of American Axle & Manufacturing from $8.50 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. BWS Financial assumed coverage on shares of American Axle & Manufacturing in a research report on Tuesday, January 27th. They issued a “buy” rating and a $17.00 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Axle & Manufacturing in a research report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of American Axle & Manufacturing from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.92.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.