Point72 Europe London LLP decreased its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 74.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,500 shares of the auto parts company’s stock after selling 39,500 shares during the quarter. Point72 Europe London LLP’s holdings in American Axle & Manufacturing Holdings were worth $211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in shares of American Axle & Manufacturing Holdings by 6.2% during the first quarter. Public Employees Retirement System of Ohio now owns 6,538 shares of the auto parts company’s stock valued at $123,000 after buying an additional 380 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of American Axle & Manufacturing Holdings during the first quarter valued at approximately $124,000. CIBC Asset Management Inc bought a new position in shares of American Axle & Manufacturing Holdings during the second quarter valued at approximately $162,000. Miles Capital Inc. grew its stake in shares of American Axle & Manufacturing Holdings by 0.3% during the first quarter. Miles Capital Inc. now owns 11,810 shares of the auto parts company’s stock valued at $222,000 after buying an additional 31 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of American Axle & Manufacturing Holdings by 18.7% during the second quarter. Amalgamated Bank now owns 12,041 shares of the auto parts company’s stock valued at $188,000 after buying an additional 1,900 shares during the last quarter.

AXL has been the topic of a number of analyst reports. CLSA initiated coverage on American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. They set a “buy” rating and a $18.00 target price on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $22.00 target price (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. Guggenheim initiated coverage on American Axle & Manufacturing Holdings in a research note on Wednesday, June 21st. They set a “buy” rating and a $18.00 target price on the stock. Off Wall Street initiated coverage on American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They set a “buy” rating on the stock. Finally, ValuEngine raised American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.44.

In related news, Director George Thanopoulos sold 125,000 shares of American Axle & Manufacturing Holdings stock in a transaction that occurred on Monday, September 11th. The shares were 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 owns 1,001,986 shares in the company, valued at approximately $15,059,849.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by company insiders.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) traded down 0.11% during mid-day trading on Friday, hitting $17.85. The company had a trading volume of 1,839,597 shares. The firm has a 50-day moving average price of $15.75 and a 200 day moving average price of $16.08. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 6.15 and a beta of 1.38. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $12.61 and a 52-week high of $21.25.

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

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American Axle & Manufacturing Holdings 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.

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

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