Y Intercept Hong Kong Ltd Invests $222,000 in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Y Intercept Hong Kong Ltd bought a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the third quarter, Holdings Channel reports. The fund bought 35,897 shares of the auto parts company’s stock, valued at approximately $222,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC lifted its stake in shares of American Axle & Manufacturing by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 84,592 shares of the auto parts company’s stock valued at $591,000 after purchasing an additional 2,066 shares in the last quarter. Atom Investors LP lifted its position in American Axle & Manufacturing by 1.0% during the third quarter. Atom Investors LP now owns 203,152 shares of the auto parts company’s stock valued at $1,255,000 after buying an additional 2,087 shares in the last quarter. Xponance Inc. grew its stake in American Axle & Manufacturing by 18.2% during the second quarter. Xponance Inc. now owns 18,225 shares of the auto parts company’s stock worth $127,000 after buying an additional 2,800 shares during the period. Highland Capital Management LLC increased its position in shares of American Axle & Manufacturing by 10.8% in the third quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company’s stock worth $182,000 after acquiring an additional 2,868 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 3,211 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Performance

Shares of AXL stock opened at $5.98 on Thursday. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. The company’s fifty day moving average price is $6.35 and its two-hundred day moving average price is $6.54. The firm has a market capitalization of $703.13 million, a P/E ratio of 24.92 and a beta of 1.95. American Axle & Manufacturing Holdings, Inc. has a 12 month low of $5.43 and a 12 month high of $8.99.

American Axle & Manufacturing (NYSE:AXL) last announced its earnings results on Friday, November 8th. The auto parts company reported $0.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wolfe Research raised shares of American Axle & Manufacturing to a “hold” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 target price on shares of American Axle & Manufacturing in a research note on Tuesday, September 10th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.