Parametrica Management Ltd reduced its position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 29.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,001 shares of the auto parts company’s stock after selling 6,634 shares during the quarter. Parametrica Management Ltd’s holdings in American Axle & Manufact. were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. PEAK6 Investments L.P. bought a new position in American Axle & Manufact. in the third quarter worth $4,048,000. Voya Investment Management LLC lifted its position in American Axle & Manufact. by 5.1% in the second quarter. Voya Investment Management LLC now owns 143,046 shares of the auto parts company’s stock worth $2,232,000 after purchasing an additional 6,999 shares during the period. Teachers Advisors LLC lifted its position in American Axle & Manufact. by 12.4% in the second quarter. Teachers Advisors LLC now owns 154,353 shares of the auto parts company’s stock worth $2,408,000 after purchasing an additional 17,078 shares during the period. Northern Trust Corp lifted its position in American Axle & Manufact. by 6.1% in the second quarter. Northern Trust Corp now owns 1,060,528 shares of the auto parts company’s stock worth $16,544,000 after purchasing an additional 60,734 shares during the period. Finally, State Street Corp lifted its position in American Axle & Manufact. by 13.9% in the second quarter. State Street Corp now owns 2,022,484 shares of the auto parts company’s stock worth $31,547,000 after purchasing an additional 247,575 shares during the period.

In other American Axle & Manufact. news, Director George Thanopoulos sold 354,931 shares of American Axle & Manufact. stock in a transaction on Friday, December 1st. The stock was sold at an average price of $17.58, for a total transaction of $6,239,686.98. Following the completion of the transaction, the director now directly owns 399,013 shares of the company’s stock, valued at $7,014,648.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder American Securities Llc sold 15,000,000 shares of American Axle & Manufact. stock in a transaction on Friday, November 10th. The shares were sold at an average price of $17.37, for a total value of $260,550,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,604,931 shares of company stock valued at $271,156,687. Company insiders own 0.96% of the company’s stock.

AXL has been the subject of several research reports. Zacks Investment Research raised American Axle & Manufact. from a “sell” rating to a “hold” rating and set a $20.00 target price for the company in a research report on Monday, October 16th. B. Riley reaffirmed a “sell” rating on shares of American Axle & Manufact. in a research report on Wednesday, November 1st. Morgan Stanley reissued an “underweight” rating and set a $16.00 price objective (up from $11.00) on shares of American Axle & Manufact. in a report on Tuesday, December 5th. Bank of America lifted their price objective on American Axle & Manufact. from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Monday, November 6th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $25.00 price objective on shares of American Axle & Manufact. in a report on Sunday, January 21st. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. American Axle & Manufact. presently has an average rating of “Hold” and a consensus price target of $19.89.

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) opened at $16.75 on Monday. The stock has a market capitalization of $1,864.11, a price-to-earnings ratio of 4.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.34. American Axle & Manufact. Holdings, Inc. has a twelve month low of $13.38 and a twelve month 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.

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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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