Peregrine Capital Management LLC Has $4.17 Million Holdings in American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

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Peregrine Capital Management LLC lowered its stake in shares of American Axle & Manufact. Holdings, Inc. (NYSE:AXL) by 18.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 506,906 shares of the auto parts company’s stock after selling 113,096 shares during the quarter. Peregrine Capital Management LLC owned about 0.45% of American Axle & Manufact. worth $4,167,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AXL. Bank of America Corp DE boosted its stake in shares of American Axle & Manufact. by 231.7% in the 2nd quarter. Bank of America Corp DE now owns 2,001,387 shares of the auto parts company’s stock valued at $25,539,000 after purchasing an additional 1,398,016 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of American Axle & Manufact. by 1,945.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 606,976 shares of the auto parts company’s stock valued at $7,745,000 after purchasing an additional 577,303 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of American Axle & Manufact. by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,333,245 shares of the auto parts company’s stock valued at $157,371,000 after purchasing an additional 437,260 shares in the last quarter. Prudential PLC lifted its position in American Axle & Manufact. by 19.1% during the 2nd quarter. Prudential PLC now owns 2,443,200 shares of the auto parts company’s stock worth $31,175,000 after buying an additional 392,300 shares in the last quarter. Finally, BlackRock Inc. lifted its position in American Axle & Manufact. by 2.4% during the 2nd quarter. BlackRock Inc. now owns 16,865,767 shares of the auto parts company’s stock worth $215,209,000 after buying an additional 389,512 shares in the last quarter.

Shares of AXL stock traded up $0.21 on Friday, reaching $11.06. The company had a trading volume of 1,736,909 shares, compared to its average volume of 2,164,771. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 2.61. The stock has a market cap of $1.20 billion, a PE ratio of 3.37, a PEG ratio of 0.80 and a beta of 2.17. The company has a 50-day moving average of $8.46 and a 200-day moving average of $10.09. American Axle & Manufact. Holdings, Inc. has a 12 month low of $5.86 and a 12 month high of $17.20.

American Axle & Manufact. (NYSE:AXL) last announced its quarterly earnings results on Friday, November 1st. The auto parts company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.17. American Axle & Manufact. had a positive return on equity of 14.79% and a negative net margin of 5.77%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business posted $0.63 EPS. American Axle & Manufact.’s revenue was down 7.7% on a year-over-year basis. Sell-side analysts anticipate that American Axle & Manufact. Holdings, Inc. will post 1.54 earnings per share for the current year.

Several research analysts recently issued reports on AXL shares. ValuEngine downgraded shares of American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. Bank of America reiterated a “buy” rating and set a $15.00 price target on shares of American Axle & Manufact. in a research report on Tuesday, September 24th. Barclays downgraded shares of American Axle & Manufact. from an “overweight” rating to an “equal weight” rating and set a $12.00 price target on the stock. in a research report on Tuesday, November 5th. Finally, TheStreet downgraded shares of American Axle & Manufact. from a “c-” rating to a “d+” rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.71.

American Axle & Manufact. Profile

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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