American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC raised its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 551,116 shares of the auto parts company’s stock after buying an additional 26,890 shares during the quarter. Empowered Funds LLC owned about 0.47% of American Axle & Manufacturing worth $3,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXL. Jacobs Levy Equity Management Inc. raised its stake in American Axle & Manufacturing by 31.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,273,917 shares of the auto parts company’s stock valued at $14,053,000 after buying an additional 548,860 shares in the last quarter. Whitebox Advisors LLC raised its stake in American Axle & Manufacturing by 38.0% during the third quarter. Whitebox Advisors LLC now owns 1,415,173 shares of the auto parts company’s stock valued at $8,746,000 after buying an additional 389,760 shares in the last quarter. Algert Global LLC raised its stake in American Axle & Manufacturing by 31.9% during the third quarter. Algert Global LLC now owns 921,396 shares of the auto parts company’s stock valued at $5,694,000 after buying an additional 223,032 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in American Axle & Manufacturing by 540.2% during the third quarter. Assenagon Asset Management S.A. now owns 199,514 shares of the auto parts company’s stock valued at $1,233,000 after buying an additional 168,348 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in American Axle & Manufacturing by 325.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 194,682 shares of the auto parts company’s stock valued at $1,204,000 after buying an additional 148,909 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

American Axle & Manufacturing Stock Up 0.5 %

Shares of American Axle & Manufacturing stock opened at $4.74 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 4.28. The business’s 50 day simple moving average is $5.80 and its 200-day simple moving average is $6.11. The stock has a market capitalization of $557.68 million, a price-to-earnings ratio of 19.76 and a beta of 1.94. American Axle & Manufacturing Holdings, Inc. has a twelve month low of $4.70 and a twelve month high of $8.98.

Analysts Set New Price Targets

Separately, Barclays cut their price objective on American Axle & Manufacturing from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.30.

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.