American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 77.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,196 shares of the auto parts company’s stock after selling 48,689 shares during the period. SG Americas Securities LLC’s holdings in American Axle & Manufacturing were worth $125,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its holdings in American Axle & Manufacturing by 0.9% during the third quarter. UBS Asset Management Americas Inc. now owns 128,704 shares of the auto parts company’s stock worth $879,000 after acquiring an additional 1,196 shares during the period. Envestnet Asset Management Inc. grew its holdings in American Axle & Manufacturing by 8.3% during the third quarter. Envestnet Asset Management Inc. now owns 19,125 shares of the auto parts company’s stock worth $131,000 after acquiring an additional 1,469 shares during the period. ProShare Advisors LLC grew its holdings in American Axle & Manufacturing by 9.0% during the second quarter. ProShare Advisors LLC now owns 17,912 shares of the auto parts company’s stock worth $148,000 after acquiring an additional 1,482 shares during the period. Captrust Financial Advisors grew its holdings in American Axle & Manufacturing by 11.7% during the second quarter. Captrust Financial Advisors now owns 14,395 shares of the auto parts company’s stock worth $108,000 after acquiring an additional 1,505 shares during the period. Finally, Guggenheim Capital LLC grew its holdings in American Axle & Manufacturing by 15.0% during the first quarter. Guggenheim Capital LLC now owns 12,212 shares of the auto parts company’s stock worth $95,000 after acquiring an additional 1,594 shares during the period. 91.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AXL has been the subject of a number of recent analyst reports. UBS Group upgraded American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a research report on Wednesday, February 28th. StockNews.com upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.70.

American Axle & Manufacturing Trading Down 1.0 %

NYSE:AXL opened at $6.95 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.67 and a debt-to-equity ratio of 4.55. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $6.29 and a 1-year high of $9.55. The firm has a market capitalization of $816.90 million, a price-to-earnings ratio of -24.82, a price-to-earnings-growth ratio of 2.84 and a beta of 2.22. The stock has a fifty day simple moving average of $7.22 and a 200 day simple moving average of $7.47.

American Axle & Manufacturing (NYSE:AXL) last announced its quarterly earnings data on Friday, February 16th. The auto parts company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.10. American Axle & Manufacturing had a negative return on equity of 1.78% and a negative net margin of 0.55%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted ($0.07) EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.3 earnings per share for the current year.

About American Axle & Manufacturing

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.