Wilen Investment Management CORP. Cuts Stake in American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

Share on StockTwits

Wilen Investment Management CORP. lessened its holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,300 shares of the auto parts company’s stock after selling 1,600 shares during the quarter. Wilen Investment Management CORP.’s holdings in American Axle & Manufact. were worth $508,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hudson Bay Capital Management LP increased its holdings in American Axle & Manufact. by 238.8% during the fourth quarter. Hudson Bay Capital Management LP now owns 194,796 shares of the auto parts company’s stock worth $2,162,000 after buying an additional 137,306 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of American Axle & Manufact. by 50.9% in the fourth quarter. Hsbc Holdings PLC now owns 48,427 shares of the auto parts company’s stock valued at $538,000 after purchasing an additional 16,336 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of American Axle & Manufact. in the fourth quarter valued at about $58,000. Texas Permanent School Fund grew its stake in shares of American Axle & Manufact. by 3.8% in the first quarter. Texas Permanent School Fund now owns 75,864 shares of the auto parts company’s stock valued at $1,086,000 after acquiring an additional 2,768 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of American Axle & Manufact. in the first quarter valued at about $33,000. 98.64% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on AXL shares. ValuEngine downgraded shares of American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 7th. Bank of America upgraded shares of American Axle & Manufact. from a “neutral” rating to a “buy” rating and upped their price target for the company from $15.00 to $20.00 in a research note on Wednesday, February 20th. Buckingham Research cut their price objective on shares of American Axle & Manufact. from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Royal Bank of Canada upped their price objective on shares of American Axle & Manufact. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Finally, Barclays reaffirmed a “buy” rating and set a $20.00 price objective on shares of American Axle & Manufact. in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.50.

AXL traded down $0.38 on Friday, hitting $11.29. 30,108 shares of the stock were exchanged, compared to its average volume of 1,556,273. American Axle & Manufact. Holdings, Inc. has a 12 month low of $9.96 and a 12 month high of $19.34. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 3.45, a P/E/G ratio of 0.52 and a beta of 1.85.

American Axle & Manufact. (NYSE:AXL) last posted its quarterly earnings data on Friday, May 3rd. The auto parts company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. American Axle & Manufact. had a negative net margin of 1.48% and a positive return on equity of 18.62%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. American Axle & Manufact.’s revenue was down 7.5% compared to the same quarter last year. Sell-side analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 2.73 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Wilen Investment Management CORP. Cuts Stake in American Axle & Manufact. Holdings, Inc. (NYSE:AXL)” was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4371592/wilen-investment-management-corp-cuts-stake-in-american-axle-manufact-holdings-inc-nyseaxl.html.

About American Axle & Manufact.

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

Featured Article: How Do Investors Open a Backdoor Roth IRA?

Want to see what other hedge funds are holding AXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Axle & Manufact. Holdings, Inc. (NYSE:AXL).

Institutional Ownership by Quarter for American Axle & Manufact. (NYSE:AXL)

Receive News & Ratings for American Axle & Manufact. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufact. and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Tiemann Investment Advisors LLC Acquires 578 Shares of iShares S&P Mid-Cap 400 Value ETF
Tiemann Investment Advisors LLC Acquires 578 Shares of iShares S&P Mid-Cap 400 Value ETF
Dollar Tree, Inc.  Position Trimmed by Weitz Investment Management Inc.
Dollar Tree, Inc. Position Trimmed by Weitz Investment Management Inc.
Tiemann Investment Advisors LLC Sells 70 Shares of Verisign, Inc.
Tiemann Investment Advisors LLC Sells 70 Shares of Verisign, Inc.
Zacks: Analysts Expect PTC Therapeutics, Inc.  Will Announce Quarterly Sales of $86.75 Million
Zacks: Analysts Expect PTC Therapeutics, Inc. Will Announce Quarterly Sales of $86.75 Million
Wilen Investment Management CORP. Cuts Stake in American Axle & Manufact. Holdings, Inc.
Wilen Investment Management CORP. Cuts Stake in American Axle & Manufact. Holdings, Inc.
Standex Int’l Corp.  is Wilen Investment Management CORP.’s 6th Largest Position
Standex Int’l Corp. is Wilen Investment Management CORP.’s 6th Largest Position


© 2006-2019 Ticker Report