Burney Co. Decreases Holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

Burney Co. reduced its position in American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 60.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,338 shares of the auto parts company’s stock after selling 145,047 shares during the period. Burney Co. owned about 0.08% of American Axle & Manufact. worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AXL. Hudson Bay Capital Management LP raised its position in American Axle & Manufact. by 238.8% during the fourth quarter. Hudson Bay Capital Management LP now owns 194,796 shares of the auto parts company’s stock worth $2,162,000 after acquiring an additional 137,306 shares during the period. Hsbc Holdings PLC raised its position in American Axle & Manufact. by 50.9% during the fourth quarter. Hsbc Holdings PLC now owns 48,427 shares of the auto parts company’s stock worth $538,000 after acquiring an additional 16,336 shares during the period. Bessemer Group Inc. acquired a new position in American Axle & Manufact. during the fourth quarter worth $58,000. Texas Permanent School Fund raised its position in American Axle & Manufact. by 3.8% during the first quarter. Texas Permanent School Fund now owns 75,864 shares of the auto parts company’s stock worth $1,086,000 after acquiring an additional 2,768 shares during the period. Finally, Truvestments Capital LLC acquired a new position in American Axle & Manufact. during the first quarter worth $33,000. Hedge funds and other institutional investors own 98.64% of the company’s stock.

A number of research firms have weighed in on AXL. Zacks Investment Research upgraded shares of American Axle & Manufact. from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Barclays restated a “buy” rating and set a $20.00 price objective on shares of American Axle & Manufact. in a research report on Thursday, May 9th. ValuEngine cut shares of American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 7th. Buckingham Research reduced their price objective on shares of American Axle & Manufact. from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Finally, TheStreet cut shares of American Axle & Manufact. from a “b-” rating to a “c” rating in a research report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. American Axle & Manufact. currently has a consensus rating of “Hold” and a consensus target price of $17.50.

American Axle & Manufact. stock opened at $11.53 on Thursday. American Axle & Manufact. Holdings, Inc. has a 52-week low of $9.96 and a 52-week high of $19.34. The firm has a market cap of $1.31 billion, a PE ratio of 3.52, a price-to-earnings-growth ratio of 0.53 and a beta of 1.85. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 2.41.

American Axle & Manufact. (NYSE:AXL) last released its earnings results on Friday, May 3rd. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. American Axle & Manufact. had a negative net margin of 1.48% and a positive return on equity of 18.62%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. Equities research analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 2.73 EPS for the current fiscal year.

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About American Axle & Manufact.

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, validates, and manufactures driveline, metal forming, powertrain, and casting products in the United States, Mexico, South America, China, other Asian countries, Europe, and internationally. The company's Driveline segment offers axles, drive shafts, power transfer units, rear drive modules, transfer cases, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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

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