Magnetar Financial LLC Has $480,000 Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Magnetar Financial LLC boosted its position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 143.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,248 shares of the auto parts company’s stock after buying an additional 48,446 shares during the period. Magnetar Financial LLC owned approximately 0.07% of American Axle & Manufacturing worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of American Axle & Manufacturing by 0.5% during the third quarter. State Street Corp now owns 4,704,889 shares of the auto parts company’s stock valued at $29,076,000 after purchasing an additional 23,538 shares during the period. Geode Capital Management LLC raised its holdings in shares of American Axle & Manufacturing by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,654,883 shares of the auto parts company’s stock worth $16,411,000 after acquiring an additional 21,054 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of American Axle & Manufacturing by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,562,553 shares of the auto parts company’s stock worth $15,837,000 after acquiring an additional 65,535 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of American Axle & Manufacturing by 31.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock worth $14,053,000 after acquiring an additional 548,860 shares during the last quarter. Finally, Whitebox Advisors LLC raised its holdings in shares of American Axle & Manufacturing by 38.0% in the 3rd quarter. Whitebox Advisors LLC now owns 1,415,173 shares of the auto parts company’s stock worth $8,746,000 after acquiring an additional 389,760 shares during the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AXL shares. StockNews.com lowered shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Morgan Stanley reduced their price objective on shares of American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Thursday, March 6th. They issued a “hold” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $6.00 price objective on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. Finally, TD Cowen initiated coverage on shares of American Axle & Manufacturing in a research report on Friday, March 7th. They issued a “hold” rating and a $5.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.69.

American Axle & Manufacturing Stock Down 4.2 %

American Axle & Manufacturing stock opened at $4.45 on Friday. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $4.38 and a twelve month high of $7.98. The firm has a 50 day moving average price of $5.17 and a 200-day moving average price of $5.82. The company has a market capitalization of $522.65 million, a P/E ratio of 15.88 and a beta of 1.85. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, February 14th. The auto parts company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. American Axle & Manufacturing’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the firm earned ($0.09) EPS. As a group, equities analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current year.

About American Axle & Manufacturing

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.