Entropy Technologies LP Invests $95,000 in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Entropy Technologies LP purchased a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,351 shares of the auto parts company’s stock, valued at approximately $95,000.

Other large investors have also made changes to their positions in the company. Highland Capital Management LLC grew its position in shares of American Axle & Manufacturing by 10.8% during the 3rd quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company’s stock worth $182,000 after buying an additional 2,868 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of American Axle & Manufacturing by 540.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock worth $1,233,000 after acquiring an additional 168,348 shares in the last quarter. Everence Capital Management Inc. bought a new position in American Axle & Manufacturing in the third quarter valued at $89,000. Creative Planning acquired a new position in shares of American Axle & Manufacturing during the 3rd quarter worth about $80,000. Finally, Inspire Investing LLC bought a new position in shares of American Axle & Manufacturing in the 3rd quarter valued at about $412,000. Institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

AXL stock opened at $6.31 on Monday. The company has a market capitalization of $741.93 million, a P/E ratio of 26.29 and a beta of 1.95. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $5.43 and a 52-week high of $8.99. The company has a fifty day moving average price of $6.11 and a 200-day moving average price of $6.70.

American Axle & Manufacturing (NYSE:AXL) last released its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.25. American Axle & Manufacturing had a net margin of 0.48% and a return on equity of 9.63%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned ($0.11) earnings per share. American Axle & Manufacturing’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.43 EPS for the current year.

Analyst Ratings Changes

AXL has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, September 10th. Wolfe Research raised shares of American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Finally, Bank of America upped their target price on American Axle & Manufacturing from $7.00 to $7.50 and gave the company an “underperform” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, American Axle & Manufacturing presently has an average rating of “Hold” and an average price target of $7.38.

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.