American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Shares Purchased by Miller Value Partners LLC

Miller Value Partners LLC boosted its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 126.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 529,590 shares of the auto parts company’s stock after buying an additional 295,950 shares during the period. American Axle & Manufacturing makes up 1.3% of Miller Value Partners LLC’s portfolio, making the stock its 27th biggest holding. Miller Value Partners LLC’s holdings in American Axle & Manufacturing were worth $3,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cibc World Markets Corp acquired a new stake in shares of American Axle & Manufacturing in the fourth quarter worth approximately $63,000. AXQ Capital LP acquired a new position in shares of American Axle & Manufacturing in the 4th quarter valued at $77,000. Polymer Capital Management US LLC purchased a new stake in shares of American Axle & Manufacturing during the 4th quarter valued at $77,000. Virtu Financial LLC acquired a new stake in shares of American Axle & Manufacturing during the 4th quarter worth $89,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of American Axle & Manufacturing in the 4th quarter worth $122,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

American Axle & Manufacturing Trading Up 9.4 %

AXL opened at $3.71 on Friday. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $3.00 and a 12-month high of $7.98. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.63 and a quick ratio of 1.25. The stock has a market capitalization of $439.02 million, a PE ratio of 13.25 and a beta of 1.70. The firm’s fifty day moving average price is $4.23 and its 200 day moving average price is $5.38.

American Axle & Manufacturing (NYSE:AXL) last issued its earnings results on Friday, February 14th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. American Axle & Manufacturing had a net margin of 0.57% and a return on equity of 10.44%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.09) EPS. As a group, research analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $5.00 price target on shares of American Axle & Manufacturing in a research report on Wednesday, April 16th. TD Cowen began coverage on American Axle & Manufacturing in a report on Friday, March 7th. They set a “hold” rating and a $5.00 target price for the company. Cowen assumed coverage on shares of American Axle & Manufacturing in a report on Thursday, March 6th. They issued a “hold” rating on the stock. StockNews.com downgraded shares of American Axle & Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Finally, UBS Group cut their target price on shares of American Axle & Manufacturing from $6.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.25.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.