The Quotient Investors LLC Has $334,000 Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

The Quotient Investors LLC Has $334,000 Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Foundry Partners LLC raised its position in shares of American Axle & Manufacturing Holdings by 15.1% in the first quarter. Foundry Partners LLC now owns 889,123 shares of the auto parts company’s stock worth $16,698,000 after buying an additional 116,381 shares during the last quarter. DnB Asset Management AS raised its position in shares of American Axle & Manufacturing Holdings by 84.3% in the first quarter. DnB Asset Management AS now owns 1,251,488 shares of the auto parts company’s stock worth $23,503,000 after buying an additional 572,315 shares during the last quarter. State Street Corp raised its position in shares of American Axle & Manufacturing Holdings by 7.5% in the fourth quarter. State Street Corp now owns 1,648,331 shares of the auto parts company’s stock worth $31,809,000 after buying an additional 114,333 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of American Axle & Manufacturing Holdings during the first quarter worth $1,121,000. Finally, State of Tennessee Treasury Department raised its position in shares of American Axle & Manufacturing Holdings by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 71,406 shares of the auto parts company’s stock worth $1,341,000 after buying an additional 10,776 shares during the last quarter.

Quotient Investors LLC held its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,773 shares of the auto parts company’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in American Axle & Manufacturing Holdings were worth $334,000 as of its most recent SEC filing.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) traded up 0.07% during trading on Wednesday, reaching $14.34. 1,482,842 shares of the company were exchanged. The company has a market capitalization of $1.59 billion, a PE ratio of 5.00 and a beta of 1.34. American Axle & Manufacturing Holdings, Inc. has a one year low of $12.61 and a one year high of $21.25. The firm’s 50 day moving average price is $15.56 and its 200 day moving average price is $17.64.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a net margin of 5.32% and a return on equity of 42.42%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business posted $0.90 EPS. American Axle & Manufacturing Holdings’s quarterly revenue was up 71.4% on a year-over-year basis. Equities research analysts forecast that American Axle & Manufacturing Holdings, Inc. will post $3.19 earnings per share for the current fiscal year.

A number of research analysts have weighed in on AXL shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $22.00 price target (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. ValuEngine lowered shares of American Axle & Manufacturing Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $11.00 price target (down previously from $16.00) on shares of American Axle & Manufacturing Holdings in a research note on Friday, June 16th. Finally, BidaskClub lowered shares of American Axle & Manufacturing Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.90.

About American Axle & Manufacturing Holdings

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

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