GSA Capital Partners LLP Sells 73,863 Shares of American Axle & Manufacturing Holdings, Inc. $AXL

GSA Capital Partners LLP cut its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 57.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,695 shares of the auto parts company’s stock after selling 73,863 shares during the quarter. GSA Capital Partners LLP’s holdings in American Axle & Manufacturing were worth $323,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AXL. Royal Bank of Canada boosted its holdings in shares of American Axle & Manufacturing by 98.9% during the first quarter. Royal Bank of Canada now owns 60,425 shares of the auto parts company’s stock worth $246,000 after acquiring an additional 30,046 shares during the period. AQR Capital Management LLC boosted its stake in American Axle & Manufacturing by 2.8% in the 1st quarter. AQR Capital Management LLC now owns 452,658 shares of the auto parts company’s stock valued at $1,842,000 after purchasing an additional 12,477 shares during the period. Millennium Management LLC grew its holdings in American Axle & Manufacturing by 77.9% in the 1st quarter. Millennium Management LLC now owns 1,550,521 shares of the auto parts company’s stock valued at $6,311,000 after buying an additional 679,042 shares in the last quarter. Goldman Sachs Group Inc. increased its position in American Axle & Manufacturing by 24.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,490,388 shares of the auto parts company’s stock worth $6,066,000 after buying an additional 291,908 shares during the period. Finally, Empowered Funds LLC increased its position in American Axle & Manufacturing by 3.0% during the 1st quarter. Empowered Funds LLC now owns 567,790 shares of the auto parts company’s stock worth $2,311,000 after buying an additional 16,674 shares during the period. Institutional investors own 91.41% of the company’s stock.

Wall Street Analysts Forecast Growth

AXL has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of American Axle & Manufacturing in a research report on Monday, December 29th. UBS Group boosted their price target on American Axle & Manufacturing from $8.50 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, January 14th. BWS Financial assumed coverage on American Axle & Manufacturing in a research report on Tuesday, January 27th. They set a “buy” rating and a $17.00 price target on the stock. Stifel Nicolaus lifted their price objective on American Axle & Manufacturing from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, January 23rd. Finally, Royal Bank Of Canada upped their target price on American Axle & Manufacturing from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.92.

American Axle & Manufacturing Stock Up 11.6%

Shares of NYSE:AXL opened at $9.18 on Friday. American Axle & Manufacturing Holdings, Inc. has a 52-week low of $3.00 and a 52-week high of $9.00. The company has a market capitalization of $1.09 billion, a PE ratio of 27.80 and a beta of 1.60. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.43 and a current ratio of 1.77. The company has a fifty day moving average of $7.96 and a 200-day moving average of $6.74.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc (NYSE: AXL) is a global designer, engineer and manufacturer of driveline and drivetrain systems and components for light vehicles, commercial trucks and off-highway applications. The company’s core product portfolio includes axles, driveshafts, half-shafts, drive module assemblies and differential gears, as well as advanced metallic and composite structures for electric and hybrid vehicles. AAM’s capabilities also encompass system testing, rapid prototyping and precision machining to support both high-volume production and low-volume, specialty vehicle applications.

Founded in 1994 following the divestiture of the Detroit Axle Division of General Motors, American Axle & Manufacturing completed its initial public offering in 1998.