Russell Investments Group Ltd. Invests $2,460,000 in American Axle & Manufact. Holdings, Inc. (AXL)

Russell Investments Group Ltd. purchased a new position in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) during the fourth quarter, Holdings Channel reports. The firm purchased 126,626 shares of the company’s stock, valued at approximately $2,460,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornercap Investment Counsel Inc. raised its position in shares of American Axle & Manufact. Holdings by 0.9% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 37,830 shares of the company’s stock worth $730,000 after buying an additional 355 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of American Axle & Manufact. Holdings by 5.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 721,000 shares of the company’s stock worth $12,416,000 after buying an additional 39,475 shares during the period. Panagora Asset Management Inc. raised its position in shares of American Axle & Manufact. Holdings by 1.2% in the third quarter. Panagora Asset Management Inc. now owns 1,134,124 shares of the company’s stock worth $19,530,000 after buying an additional 13,080 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of American Axle & Manufact. Holdings during the third quarter worth approximately $1,642,000. Finally, Clinton Group Inc. raised its position in shares of American Axle & Manufact. Holdings by 130.6% in the third quarter. Clinton Group Inc. now owns 58,881 shares of the company’s stock worth $1,014,000 after buying an additional 33,346 shares during the period. 98.33% of the stock is currently owned by institutional investors.

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

American Axle & Manufact. Holdings, Inc. (NYSE:AXL) opened at 20.09 on Tuesday. The company has a market cap of $1.54 billion, a PE ratio of 6.57 and a beta of 1.37. American Axle & Manufact. Holdings, Inc. has a 52 week low of $12.61 and a 52 week high of $21.25. The company’s 50-day moving average price is $20.19 and its 200 day moving average price is $18.12.

American Axle & Manufact. Holdings (NYSE:AXL) last announced its quarterly earnings results on Friday, February 10th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.10. The business had revenue of $946.50 million for the quarter, compared to analyst estimates of $965.42 million. American Axle & Manufact. Holdings had a return on equity of 54.01% and a net margin of 6.10%. American Axle & Manufact. Holdings’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, analysts anticipate that American Axle & Manufact. Holdings, Inc. will post $3.38 EPS for the current year.

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A number of research analysts have recently commented on the company. Zacks Investment Research raised American Axle & Manufact. Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a report on Tuesday, February 14th. Citigroup Inc lowered American Axle & Manufact. Holdings from a “buy” rating to a “neutral” rating and raised their price target for the company from $21.00 to $24.00 in a report on Monday, February 13th. They noted that the move was a valuation call. FBR & Co reissued an “underperform” rating on shares of American Axle & Manufact. Holdings in a report on Monday, February 13th. KeyCorp lowered American Axle & Manufact. Holdings to an “overweight” rating in a report on Wednesday, December 28th. Finally, Royal Bank of Canada raised American Axle & Manufact. Holdings from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $16.00 to $23.00 in a report on Tuesday, December 20th. Three analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. American Axle & Manufact. Holdings currently has an average rating of “Hold” and an average price target of $20.00.

American Axle & Manufact. 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. The Company’s driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels.

5 Day Chart for NYSE:AXL

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