American Axle & Manufacturing Holdings, Inc. $AXL Stock Position Lifted by Highland Peak Capital LLC

Highland Peak Capital LLC lifted its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 72.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,909,688 shares of the auto parts company’s stock after acquiring an additional 2,066,924 shares during the quarter. American Axle & Manufacturing makes up approximately 9.7% of Highland Peak Capital LLC’s holdings, making the stock its 5th biggest position. Highland Peak Capital LLC’s holdings in American Axle & Manufacturing were worth $29,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in American Axle & Manufacturing by 267.7% during the third quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 3,191 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of American Axle & Manufacturing during the 2nd quarter valued at $47,000. Shay Capital LLC purchased a new position in shares of American Axle & Manufacturing during the 2nd quarter valued at $102,000. Y Intercept Hong Kong Ltd bought a new position in American Axle & Manufacturing in the 2nd quarter worth $109,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in American Axle & Manufacturing by 27.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,317 shares of the auto parts company’s stock worth $158,000 after buying an additional 5,909 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group boosted their price objective on American Axle & Manufacturing from $8.50 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, January 14th. BWS Financial started coverage on American Axle & Manufacturing in a report on Tuesday, January 27th. They issued a “buy” rating and a $17.00 price target on the stock. Royal Bank Of Canada upped their price target on American Axle & Manufacturing from $9.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Axle & Manufacturing in a research report on Monday, December 29th. Finally, Stifel Nicolaus upped their target price on shares of American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, American Axle & Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $9.92.

American Axle & Manufacturing Price Performance

American Axle & Manufacturing stock opened at $9.18 on Thursday. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $9.00. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 3.61. The firm’s fifty day moving average is $8.18 and its 200 day moving average is $6.85. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 27.80 and a beta of 1.60.

American Axle & Manufacturing Profile

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.