Russell Investments Group Ltd. Buys 48,347 Shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Russell Investments Group Ltd. grew its stake in shares of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Free Report) by 45.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,260 shares of the auto parts company's stock after buying an additional 48,347 shares during the period. Russell Investments Group Ltd. owned 0.13% of American Axle & Manufacturing worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd raised its position in shares of American Axle & Manufacturing by 703.4% during the first quarter. Point72 Hong Kong Ltd now owns 8,886 shares of the auto parts company's stock valued at $69,000 after buying an additional 7,780 shares during the last quarter. Pathstone Family Office LLC bought a new stake in American Axle & Manufacturing in the third quarter worth $72,000. Tower Research Capital LLC TRC increased its position in American Axle & Manufacturing by 146.0% in the third quarter. Tower Research Capital LLC TRC now owns 11,936 shares of the auto parts company's stock worth $82,000 after purchasing an additional 7,084 shares during the last quarter. SG Americas Securities LLC bought a new stake in American Axle & Manufacturing in the first quarter worth $86,000. Finally, Marshall Wace LLP bought a new stake in American Axle & Manufacturing in the fourth quarter worth $95,000. Institutional investors own 91.41% of the company's stock.

Several equities research analysts recently weighed in on AXL shares. StockNews.com started coverage on shares of American Axle & Manufacturing in a research report on Thursday, August 17th. They issued a "buy" rating on the stock. Citigroup reduced their price target on shares of American Axle & Manufacturing from $9.00 to $8.00 in a research report on Tuesday, May 16th.

Get Our Latest Report on American Axle & Manufacturing

In other news, VP Terri M. Kemp sold 40,000 shares of the business's stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $8.00, for a total transaction of $320,000.00. Following the completion of the sale, the vice president now directly owns 216,961 shares of the company's stock, valued at $1,735,688. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.30% of the company's stock.

NYSE AXL opened at $7.58 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.71 and a debt-to-equity ratio of 4.43. The company has a fifty day moving average of $8.28 and a two-hundred day moving average of $7.95. The firm has a market capitalization of $887.31 million, a price-to-earnings ratio of 21.06, a PEG ratio of 2.57 and a beta of 2.30. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $6.61 and a 52 week high of $11.19.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last posted its quarterly earnings data on Friday, August 4th. The auto parts company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.59 billion. American Axle & Manufacturing had a net margin of 0.72% and a return on equity of 6.07%. American Axle & Manufacturing's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, analysts predict that American Axle & Manufacturing Holdings, Inc. will post 0.36 earnings per share for the current year.

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, 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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