Virtu Financial LLC Acquires Shares of 15,207 American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Virtu Financial LLC bought a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 4th quarter, Holdings Channel.com reports. The firm bought 15,207 shares of the auto parts company’s stock, valued at approximately $89,000.

Several other hedge funds also recently made changes to their positions in AXL. Magnetar Financial LLC boosted its holdings in shares of American Axle & Manufacturing by 143.3% during the fourth quarter. Magnetar Financial LLC now owns 82,248 shares of the auto parts company’s stock worth $480,000 after purchasing an additional 48,446 shares during the period. Intech Investment Management LLC raised its position in American Axle & Manufacturing by 12.4% during the 4th quarter. Intech Investment Management LLC now owns 82,279 shares of the auto parts company’s stock valued at $480,000 after purchasing an additional 9,046 shares during the last quarter. Cibc World Markets Corp purchased a new stake in American Axle & Manufacturing in the 4th quarter worth approximately $63,000. Amundi grew its position in shares of American Axle & Manufacturing by 44.6% in the 4th quarter. Amundi now owns 90,902 shares of the auto parts company’s stock worth $519,000 after buying an additional 28,055 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of American Axle & Manufacturing during the fourth quarter valued at approximately $183,000. 91.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com lowered American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Cowen began 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 reiterated a “sector perform” rating and set a $6.00 price target on shares of American Axle & Manufacturing in a research report on Tuesday, February 18th. Morgan Stanley cut their price objective on American Axle & Manufacturing from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, Barclays decreased their target price on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, American Axle & Manufacturing currently has an average rating of “Hold” and an average target price of $6.69.

American Axle & Manufacturing Stock Performance

American Axle & Manufacturing stock opened at $4.15 on Monday. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $4.08 and a twelve month high of $7.98. The company has a quick ratio of 1.25, a current ratio of 1.63 and a debt-to-equity ratio of 4.58. The company has a market capitalization of $490.49 million, a P/E ratio of 14.80 and a beta of 1.85. The stock’s 50 day moving average is $5.03 and its 200 day moving average is $5.76.

American Axle & Manufacturing (NYSE:AXL) last issued its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The firm had revenue of $1.38 billion for 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%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. On average, equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

American Axle & Manufacturing Profile

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.