Trexquant Investment LP Grows Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Trexquant Investment LP raised its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 876,266 shares of the auto parts company’s stock after buying an additional 165,905 shares during the quarter. Trexquant Investment LP’s holdings in American Axle & Manufacturing were worth $5,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AXL. XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing in the 3rd quarter valued at $62,000. Cibc World Markets Corp purchased a new position in American Axle & Manufacturing during the 4th quarter worth $63,000. Zacks Investment Management acquired a new position in American Axle & Manufacturing in the third quarter valued at $70,000. Quarry LP raised its holdings in shares of American Axle & Manufacturing by 51.9% in the third quarter. Quarry LP now owns 11,997 shares of the auto parts company’s stock valued at $74,000 after buying an additional 4,098 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in shares of American Axle & Manufacturing during the fourth quarter worth about $77,000. 91.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXL has been the topic of several recent research reports. UBS Group dropped their price target on American Axle & Manufacturing from $6.50 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. StockNews.com cut American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Barclays lowered their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research note on Tuesday, February 18th. Finally, TD Cowen assumed coverage on shares of American Axle & Manufacturing in a research note on Friday, March 7th. They issued a “hold” rating and a $5.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, American Axle & Manufacturing has an average rating of “Hold” and a consensus price target of $6.69.

American Axle & Manufacturing Stock Down 4.6 %

Shares of NYSE AXL opened at $3.41 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The firm has a 50-day moving average price of $4.82 and a 200 day moving average price of $5.69. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $3.17 and a 52 week high of $7.98. The stock has a market capitalization of $402.92 million, a price-to-earnings ratio of 12.16 and a beta of 1.85.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings results on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a return on equity of 10.44% and a net margin of 0.57%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) EPS. Equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.