American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Short Interest Update

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,440,000 shares, a growth of 9.6% from the October 15th total of 4,050,000 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is currently 2.8 days.

Institutional Investors Weigh In On American Axle & Manufacturing

Hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in American Axle & Manufacturing in the second quarter valued at $41,000. KBC Group NV raised its stake in shares of American Axle & Manufacturing by 81.3% during the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after buying an additional 3,211 shares during the last quarter. Quarry LP raised its stake in shares of American Axle & Manufacturing by 159.2% during the 2nd quarter. Quarry LP now owns 7,899 shares of the auto parts company’s stock worth $55,000 after buying an additional 4,851 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of American Axle & Manufacturing during the 3rd quarter worth $62,000. Finally, EntryPoint Capital LLC acquired a new position in shares of American Axle & Manufacturing during the 1st quarter worth $76,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $6.19 on Tuesday. American Axle & Manufacturing has a one year low of $5.43 and a one year high of $8.99. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.29 and a current ratio of 1.65. The business has a fifty day moving average of $6.11 and a two-hundred day moving average of $6.70. The company has a market cap of $727.82 million, a P/E ratio of 26.29 and a beta of 1.95.

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

Analyst Ratings Changes

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

American Axle & Manufacturing Company Profile

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.