Fox Run Management L.L.C. Buys New Shares in American Axle & Manufacturing Holdings, Inc. $AXL

Fox Run Management L.L.C. bought a new position in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,148 shares of the auto parts company’s stock, valued at approximately $452,000. Fox Run Management L.L.C. owned approximately 0.06% of American Axle & Manufacturing as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXL. Hantz Financial Services Inc. boosted its position in shares of American Axle & Manufacturing by 267.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,383 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 3,191 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in American Axle & Manufacturing during the 2nd quarter worth approximately $47,000. CWM LLC boosted its holdings in American Axle & Manufacturing by 685.1% in the second quarter. CWM LLC now owns 16,965 shares of the auto parts company’s stock worth $69,000 after acquiring an additional 14,804 shares in the last quarter. Shay Capital LLC acquired a new stake in American Axle & Manufacturing in the second quarter valued at approximately $102,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in American Axle & Manufacturing in the second quarter valued at approximately $109,000. 91.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stifel Nicolaus increased their target price on American Axle & Manufacturing from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday, December 29th. UBS Group raised their price objective on shares of American Axle & Manufacturing from $8.50 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada boosted their target price on shares of American Axle & Manufacturing from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Finally, BWS Financial began coverage on shares of American Axle & Manufacturing in a research report on Tuesday, January 27th. They issued a “buy” rating and a $17.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, American Axle & Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.92.

American Axle & Manufacturing Stock Performance

Shares of AXL stock opened at $9.18 on Monday. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.77 and a quick ratio of 1.43. The firm has a 50-day moving average of $8.01 and a 200-day moving average of $6.78. American Axle & Manufacturing Holdings, Inc. has a one year low of $3.00 and a one year high of $9.00. The company has a market cap of $1.09 billion, a P/E ratio of 27.80 and a beta of 1.60.

American Axle & Manufacturing Company Profile

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.