299,194 Shares in American Axle & Manufacturing Holdings, Inc. $AXL Purchased by Advisors Preferred LLC

Advisors Preferred LLC acquired a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 299,194 shares of the auto parts company’s stock, valued at approximately $1,768,000. Advisors Preferred LLC owned 0.25% of American Axle & Manufacturing as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on AXL shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Axle & Manufacturing in a research report on Monday, December 29th. Stifel Nicolaus raised their price objective on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of American Axle & Manufacturing from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Morgan Stanley set a $7.00 price target on shares of American Axle & Manufacturing in a report on Monday, December 8th. Finally, UBS Group boosted their price objective on shares of American Axle & Manufacturing from $8.50 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.92.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $9.00. The company’s 50-day moving average is $7.75 and its 200-day moving average is $6.63. The company has a market cap of $1.09 billion, a PE ratio of 27.80 and a beta of 1.60. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 3.61.

About American Axle & Manufacturing

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.