Balyasny Asset Management LLC Takes $1.66 Million Position in American Axle & Manufacturing Holdings, Inc. (AXL)

Balyasny Asset Management LLC acquired a new stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 106,156 shares of the auto parts company’s stock, valued at approximately $1,656,000. Balyasny Asset Management LLC owned approximately 0.10% of American Axle & Manufacturing Holdings as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of American Axle & Manufacturing Holdings by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 10,823,885 shares of the auto parts company’s stock valued at $168,853,000 after buying an additional 133,030 shares in the last quarter. BlackRock Inc. raised its stake in shares of 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 buying an additional 407,526 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Axle & Manufacturing Holdings by 41.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,654,109 shares of the auto parts company’s stock valued at $88,203,000 after buying an additional 1,649,847 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of 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 buying an additional 58,360 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in shares of 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 buying 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 business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $15.03, for a total transaction of $1,878,750.00. Following the completion of the transaction, the director now owns 1,001,986 shares of the company’s stock, valued at $15,059,849.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by insiders.

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AXL has been the subject of a number of recent research reports. Bank of America Corporation restated an “underperform” rating and issued a $11.00 price objective (down previously from $16.00) on shares of American Axle & Manufacturing Holdings in a research note on Friday, June 16th. BidaskClub cut shares of American Axle & Manufacturing Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Guggenheim initiated coverage on shares of American Axle & Manufacturing Holdings in a research note on Wednesday, June 21st. They issued a “buy” rating and a $18.00 price objective for the company. Deutsche Bank AG restated a “buy” rating and issued a $22.00 price objective (down previously from $24.00) on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. Finally, CLSA initiated coverage on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. They issued a “buy” rating and a $18.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $19.44.

Shares of American Axle & Manufacturing Holdings, Inc. (NYSE AXL) opened at 17.56 on Friday. The firm has a market cap of $1.95 billion, a PE ratio of 6.05 and a beta of 1.38. The company’s 50 day moving average is $16.18 and its 200-day moving average is $16.05. 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 earnings results on Friday, July 28th. The auto parts company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. American Axle & Manufacturing Holdings had a return on equity of 42.42% and a net margin of 5.32%. The business’s quarterly revenue was up 71.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Equities research analysts predict that American Axle & Manufacturing Holdings, Inc. will post $3.29 EPS for the current year.

American Axle & Manufacturing 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. 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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