Headlands Technologies LLC Invests $75,000 in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Headlands Technologies LLC acquired a new stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,758 shares of the auto parts company’s stock, valued at approximately $75,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in American Axle & Manufacturing during the second quarter valued at approximately $41,000. EntryPoint Capital LLC acquired a new stake in shares of American Axle & Manufacturing in the 1st quarter valued at $76,000. QRG Capital Management Inc. lifted its stake in shares of American Axle & Manufacturing by 13.5% in the 2nd quarter. QRG Capital Management Inc. now owns 14,037 shares of the auto parts company’s stock valued at $98,000 after purchasing an additional 1,665 shares during the last quarter. ProShare Advisors LLC boosted its holdings in American Axle & Manufacturing by 7.4% in the first quarter. ProShare Advisors LLC now owns 23,084 shares of the auto parts company’s stock worth $170,000 after purchasing an additional 1,582 shares in the last quarter. Finally, Highland Capital Management LLC bought a new position in American Axle & Manufacturing during the second quarter valued at about $185,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AXL. Bank of America upped their price target on American Axle & Manufacturing from $7.00 to $7.50 and gave the stock an “underperform” rating in a research note on Monday, August 12th. Wolfe Research upgraded American Axle & Manufacturing to a “hold” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $6.00 price objective 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, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.58.

American Axle & Manufacturing Trading Up 1.8 %

Shares of AXL opened at $5.94 on Tuesday. The stock’s 50-day moving average price is $6.55 and its 200 day moving average price is $6.99. The company has a quick ratio of 1.30, a current ratio of 1.68 and a debt-to-equity ratio of 4.42. The firm has a market capitalization of $697.68 million, a price-to-earnings ratio of -84.79 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 released its quarterly earnings data on Friday, August 9th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. American Axle & Manufacturing had a return on equity of 3.47% and a net margin of 0.04%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the business posted $0.12 earnings per share. American Axle & Manufacturing’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.34 earnings per share for the current year.

American Axle & Manufacturing 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.