OxFORD Asset Management LLP Acquires New Stake in American Axle & Manufact. Holdings, Inc. (AXL)

OxFORD Asset Management LLP acquired a new stake in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 437,897 shares of the auto parts company’s stock, valued at approximately $7,704,000. OxFORD Asset Management LLP owned 0.39% of American Axle & Manufact. as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its holdings in American Axle & Manufact. by 7.6% during the second quarter. Ameritas Investment Partners Inc. now owns 7,128 shares of the auto parts company’s stock valued at $111,000 after buying an additional 503 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in American Axle & Manufact. by 13.7% during the second quarter. Public Employees Retirement System of Ohio now owns 7,433 shares of the auto parts company’s stock valued at $116,000 after buying an additional 895 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in American Axle & Manufact. during the second quarter valued at approximately $162,000. Victory Capital Management Inc. increased its holdings in American Axle & Manufact. by 76.9% during the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock valued at $171,000 after buying an additional 4,238 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in American Axle & Manufact. 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.

In other American Axle & Manufact. news, major shareholder American Securities Llc sold 15,000,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $17.37, for a total transaction of $260,550,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Thanopoulos sold 125,000 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the transaction, the director now owns 1,001,986 shares of the company’s stock, valued at approximately $15,059,849.58. The disclosure for this sale can be found here. Insiders have sold 15,248,901 shares of company stock valued at $264,305,850 in the last quarter. 0.96% of the stock is owned by company insiders.

American Axle & Manufact. Holdings, Inc. (AXL) opened at $17.57 on Monday. The firm has a market cap of $1,955.37, a price-to-earnings ratio of 4.80, a P/E/G ratio of 0.60 and a beta of 1.35. American Axle & Manufact. Holdings, Inc. has a 52 week low of $13.38 and a 52 week high of $21.25. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.41 and a current ratio of 1.72.

American Axle & Manufact. (NYSE:AXL) last posted its earnings results on Friday, November 3rd. The auto parts company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.21. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. American Axle & Manufact. had a net margin of 5.07% and a return on equity of 36.26%. American Axle & Manufact.’s quarterly revenue was up 71.2% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. equities analysts predict that American Axle & Manufact. Holdings, Inc. will post 3.63 EPS for the current fiscal year.

AXL has been the subject of a number of research reports. ValuEngine cut shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of American Axle & Manufact. from a “sell” rating to a “hold” rating and set a $20.00 target price for the company in a report on Monday, October 16th. KeyCorp reissued a “hold” rating on shares of American Axle & Manufact. in a research note on Sunday, September 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 price objective on shares of American Axle & Manufact. in a research note on Friday, November 3rd. Finally, Bank of America increased their price objective on shares of American Axle & Manufact. from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.56.

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American Axle & Manufact. 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 & Manufact. (NYSE:AXL)

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