Maverick Capital Ltd. increased its stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 81.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 257,980 shares of the auto parts company’s stock after purchasing an additional 115,430 shares during the quarter. Maverick Capital Ltd. owned approximately 0.23% of American Axle & Manufacturing Holdings worth $4,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its holdings in American Axle & Manufacturing Holdings by 6.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock worth $123,000 after purchasing an additional 380 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in American Axle & Manufacturing Holdings in the 1st quarter worth approximately $124,000. CIBC Asset Management Inc acquired a new stake in American Axle & Manufacturing Holdings in the 2nd quarter worth approximately $162,000. Miles Capital Inc. lifted its holdings in American Axle & Manufacturing Holdings by 0.3% in the 1st quarter. Miles Capital Inc. now owns 11,810 shares of the auto parts company’s stock worth $222,000 after purchasing an additional 31 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in American Axle & Manufacturing Holdings by 18.7% in the 2nd quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 1,900 shares during the last quarter.

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American Axle & Manufacturing Holdings, Inc. (NYSE AXL) traded down 0.56% during mid-day trading on Thursday, hitting $17.87. The stock had a trading volume of 306,522 shares. The stock’s 50 day moving average price is $15.54 and its 200 day moving average price is $16.09. American Axle & Manufacturing Holdings, Inc. has a one year low of $12.61 and a one year high of $21.25. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 6.16 and a beta of 1.38.

American Axle & Manufacturing Holdings (NYSE:AXL) last released its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm posted $0.90 earnings per share. The business’s revenue was up 71.4% on a year-over-year basis. Analysts forecast that American Axle & Manufacturing Holdings, Inc. will post $3.29 EPS for the current year.

In other news, Director George Thanopoulos sold 125,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $15.03, for a total value of $1,878,750.00. Following the completion of the sale, the director now directly owns 1,001,986 shares of the company’s stock, valued at $15,059,849.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Several equities research analysts recently weighed in on the company. BidaskClub lowered American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Off Wall Street assumed coverage on American Axle & Manufacturing Holdings in a report on Thursday, July 13th. They issued a “buy” rating for the company. CLSA assumed coverage on American Axle & Manufacturing Holdings in a report on Thursday, June 22nd. They issued a “buy” rating and a $18.00 target price for the company. ValuEngine upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research lowered American Axle & Manufacturing Holdings from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.44.

American Axle & Manufacturing Holdings Company Profile

American Axle & Manufacturing Holdings, Inc (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

Institutional Ownership by Quarter for American Axle & Manufacturing Holdings (NYSE:AXL)

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