Bayesian Capital Management LP acquired a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 31,172 shares of the auto parts company’s stock, valued at approximately $486,000.

Other institutional investors also recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. purchased a new position in American Axle & Manufacturing Holdings during the first quarter worth approximately $1,121,000. State of Tennessee Treasury Department lifted its position in American Axle & Manufacturing Holdings by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 71,406 shares of the auto parts company’s stock worth $1,341,000 after buying an additional 10,776 shares in the last quarter. Morgan Stanley lifted its position in American Axle & Manufacturing Holdings by 7.0% during the first quarter. Morgan Stanley now owns 418,610 shares of the auto parts company’s stock worth $7,862,000 after buying an additional 27,281 shares in the last quarter. Geode Capital Management LLC lifted its position in American Axle & Manufacturing Holdings by 10.1% during the first quarter. Geode Capital Management LLC now owns 1,048,428 shares of the auto parts company’s stock worth $19,689,000 after buying an additional 95,840 shares in the last quarter. Finally, UBS Group AG lifted its position in American Axle & Manufacturing Holdings by 949.0% during the first quarter. UBS Group AG now owns 105,649 shares of the auto parts company’s stock worth $1,984,000 after buying an additional 95,578 shares in the last quarter.

A number of equities analysts recently commented on the company. ValuEngine upgraded American Axle & Manufacturing Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday. KeyCorp reiterated a “hold” rating on shares of American Axle & Manufacturing Holdings in a research report on Sunday, September 17th. Zacks Investment Research upgraded American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub downgraded American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, CLSA assumed coverage on American Axle & Manufacturing Holdings in a research report on Thursday, June 22nd. They set a “buy” rating and a $18.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. American Axle & Manufacturing Holdings currently has an average rating of “Hold” and an average target price of $19.90.

American Axle & Manufacturing Holdings, Inc. (NYSE AXL) traded up 0.06% during midday trading on Friday, reaching $17.58. The company’s stock had a trading volume of 1,417,448 shares. The company has a 50 day moving average price of $14.61 and a 200 day moving average price of $16.26. American Axle & Manufacturing Holdings, Inc. has a 1-year low of $12.61 and a 1-year high of $21.25. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 6.06 and a beta of 1.33.

American Axle & Manufacturing Holdings (NYSE:AXL) last posted its quarterly earnings data on Friday, July 28th. The auto parts company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The business’s revenue was up 71.4% on a year-over-year basis. On average, equities research analysts expect that American Axle & Manufacturing Holdings, Inc. will post $3.29 EPS for the current year.

In other news, Director George Thanopoulos sold 125,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the sale, the director now owns 1,001,986 shares in the company, valued at $15,059,849.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Bayesian Capital Management LP Acquires Shares of 31,172 American Axle & Manufacturing Holdings, Inc. (AXL)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/09/30/bayesian-capital-management-lp-acquires-shares-of-31172-american-axle-manufacturing-holdings-inc-axl.html.

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.

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

Receive News & Stock Ratings for American Axle & Manufacturing Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Axle & Manufacturing Holdings Inc. and related stocks with our FREE daily email newsletter.