Renaissance Technologies LLC Has $21.73 Million Holdings in American Axle & Manufact. Holdings, Inc. (AXL)

Renaissance Technologies LLC boosted its position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 136.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,275,899 shares of the auto parts company’s stock after purchasing an additional 735,700 shares during the period. Renaissance Technologies LLC owned approximately 1.15% of American Axle & Manufact. worth $21,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Preferred LLC lifted its stake in American Axle & Manufact. by 1,415.1% in the fourth quarter. Advisors Preferred LLC now owns 6,318 shares of the auto parts company’s stock worth $108,000 after purchasing an additional 5,901 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Axle & Manufact. by 128.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,657 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 3,740 shares during the last quarter. Cerebellum GP LLC bought a new stake in American Axle & Manufact. in the fourth quarter worth about $126,000. Victory Capital Management Inc. lifted its stake in American Axle & Manufact. by 76.9% in the third quarter. Victory Capital Management Inc. now owns 9,748 shares of the auto parts company’s stock worth $171,000 after purchasing an additional 4,238 shares during the last quarter. Finally, First Quadrant L P CA lifted its stake in American Axle & Manufact. by 331.4% in the fourth quarter. First Quadrant L P CA now owns 13,318 shares of the auto parts company’s stock worth $227,000 after purchasing an additional 10,231 shares during the last quarter.

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Shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) opened at $14.85 on Monday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.28 and a current ratio of 1.60. American Axle & Manufact. Holdings, Inc. has a 12 month low of $13.38 and a 12 month high of $20.27. The firm has a market cap of $1,652.80, a P/E ratio of 3.94, a PEG ratio of 0.52 and a beta of 1.45.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings results on Friday, February 16th. The auto parts company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.13. American Axle & Manufact. had a net margin of 5.38% and a return on equity of 32.04%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 83.2% on a year-over-year basis. sell-side analysts expect that American Axle & Manufact. Holdings, Inc. will post 3.57 EPS for the current fiscal year.

In other news, VP Michael Joseph Lynch sold 16,337 shares of American Axle & Manufact. stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $15.68, for a total transaction of $256,164.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alberto L. Satine sold 25,349 shares of American Axle & Manufact. stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $15.01, for a total transaction of $380,488.49. The disclosure for this sale can be found here. Insiders have sold 329,751 shares of company stock valued at $5,138,985 in the last ninety days. Insiders own 0.96% of the company’s stock.

Several brokerages have issued reports on AXL. Morgan Stanley downgraded shares of American Axle & Manufact. to a “buy” rating and set a $20.00 price objective for the company. in a research note on Friday. Guggenheim reissued a “buy” rating and issued a $21.00 price objective on shares of American Axle & Manufact. in a research note on Friday, February 23rd. ValuEngine downgraded shares of American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Susquehanna Bancshares set a $17.00 price objective on shares of American Axle & Manufact. and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Finally, Zacks Investment Research downgraded shares of American Axle & Manufact. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.89.

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About American Axle & Manufact.

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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