GSA Capital Partners LLP Sells 101,045 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

GSA Capital Partners LLP lessened its holdings in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 83.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,483 shares of the auto parts company’s stock after selling 101,045 shares during the period. GSA Capital Partners LLP’s holdings in American Axle & Manufacturing Holdings were worth $304,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in American Axle & Manufacturing Holdings by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 10,690,855 shares of the auto parts company’s stock valued at $200,775,000 after acquiring an additional 1,047,734 shares in the last quarter. BlackRock Inc. lifted its stake in American Axle & Manufacturing Holdings by 4.2% in the 2nd quarter. BlackRock Inc. now owns 10,085,793 shares of the auto parts company’s stock valued at $157,338,000 after acquiring an additional 407,526 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in American Axle & Manufacturing Holdings by 19.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,004,262 shares of the auto parts company’s stock valued at $75,200,000 after acquiring an additional 651,814 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in American Axle & Manufacturing Holdings by 1.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 3,190,850 shares of the auto parts company’s stock valued at $49,778,000 after acquiring an additional 58,360 shares in the last quarter. Finally, DnB Asset Management AS lifted its stake in American Axle & Manufacturing Holdings by 125.7% in the 2nd quarter. DnB Asset Management AS now owns 2,824,446 shares of the auto parts company’s stock valued at $44,061,000 after acquiring an additional 1,572,958 shares in the last quarter.

In other American Axle & Manufacturing Holdings news, Director George Thanopoulos sold 125,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $15.03, for a total value of $1,878,750.00. Following the completion of the sale, the director now directly owns 1,001,986 shares of the company’s stock, valued at $15,059,849.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

American Axle & Manufacturing Holdings, Inc. (NYSE AXL) opened at 18.43 on Friday. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 6.35 and a beta of 1.38. The company’s 50 day moving average price is $17.10 and its 200-day moving average price is $16.06. American Axle & Manufacturing Holdings, Inc. has a 12-month low of $12.61 and a 12-month high of $21.25.

American Axle & Manufacturing Holdings (NYSE:AXL) last issued its quarterly earnings results on Friday, July 28th. The auto parts company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.10. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $0.90 earnings per share. American Axle & Manufacturing Holdings’s revenue was up 71.4% on a year-over-year basis. On average, equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post $3.30 earnings per share for the current fiscal year.

Several equities research analysts have commented on AXL shares. BidaskClub upgraded American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Zacks Investment Research upgraded American Axle & Manufacturing Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. ValuEngine cut American Axle & Manufacturing Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Off Wall Street initiated coverage on American Axle & Manufacturing Holdings in a research note on Thursday, July 13th. They issued a “buy” rating on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of American Axle & Manufacturing Holdings in a research report on Sunday, September 17th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.50.

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American Axle & Manufacturing Holdings 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.

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

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