Fox Run Management L.L.C. Buys New Holdings in American Axle & Manufacturing Holdings, Inc. (AXL)

Fox Run Management L.L.C. bought a new position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 12,700 shares of the auto parts company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its holdings in American Axle & Manufacturing Holdings by 7.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock worth $111,000 after purchasing an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in American Axle & Manufacturing Holdings by 13.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 895 shares in the last quarter. CIBC Asset Management Inc acquired a new position in American Axle & Manufacturing Holdings in the 2nd quarter worth about $162,000. Amalgamated Bank increased 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 in the last quarter. Finally, Capital Fund Management S.A. acquired a new position in American Axle & Manufacturing Holdings in the 2nd quarter worth about $255,000.

A number of research firms have commented on AXL. Off Wall Street began coverage on American Axle & Manufacturing Holdings in a research report on Thursday, July 13th. They issued a “buy” rating on the stock. ValuEngine upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 price target on shares of American Axle & Manufacturing Holdings in a research report on Friday. Zacks Investment Research lowered American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, KeyCorp reiterated a “hold” rating on shares of American Axle & Manufacturing Holdings in a research report on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.50.

In related news, Director George Thanopoulos sold 123,901 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $15.15, for a total transaction of $1,877,100.15. Following the sale, the director now owns 876,745 shares in the company, valued at approximately $13,282,686.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.96% of the stock is owned by corporate insiders.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE AXL) opened at $18.94 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 2.90. The stock has a market cap of $2,107.83, a P/E ratio of 5.17, a PEG ratio of 0.71 and a beta of 1.37.

American Axle & Manufacturing Holdings (NYSE:AXL) last announced its earnings results on Friday, November 3rd. The auto parts company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.65 by $0.21. American Axle & Manufacturing Holdings had a return on equity of 36.26% and a net margin of 5.07%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 71.2% compared to the same quarter last year. equities analysts forecast 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 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.

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

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