Lonestar Capital Management LLC Has $2.45 Million Stake in American Axle & Manufacturing Holdings, Inc. $AXL

Lonestar Capital Management LLC grew its holdings in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) by 20.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 600,000 shares of the auto parts company’s stock after acquiring an additional 100,000 shares during the quarter. American Axle & Manufacturing comprises about 0.9% of Lonestar Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Lonestar Capital Management LLC’s holdings in American Axle & Manufacturing were worth $2,448,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AXL. Boothbay Fund Management LLC bought a new stake in American Axle & Manufacturing during the 2nd quarter valued at approximately $3,231,000. Bridgeway Capital Management LLC lifted its holdings in shares of American Axle & Manufacturing by 1.8% during the second quarter. Bridgeway Capital Management LLC now owns 1,364,462 shares of the auto parts company’s stock worth $5,567,000 after buying an additional 24,076 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of American Axle & Manufacturing by 46.7% in the second quarter. Balyasny Asset Management L.P. now owns 825,602 shares of the auto parts company’s stock valued at $3,368,000 after acquiring an additional 262,796 shares during the period. Ameriprise Financial Inc. boosted its position in shares of American Axle & Manufacturing by 2.7% in the second quarter. Ameriprise Financial Inc. now owns 497,519 shares of the auto parts company’s stock valued at $2,030,000 after acquiring an additional 12,975 shares during the period. Finally, PDT Partners LLC acquired a new stake in shares of American Axle & Manufacturing in the second quarter worth $1,182,000. 91.41% of the stock is currently owned by institutional investors.

American Axle & Manufacturing Price Performance

NYSE:AXL opened at $6.41 on Friday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.43 and a current ratio of 1.77. The company has a 50-day moving average of $6.17 and a 200-day moving average of $5.46. American Axle & Manufacturing Holdings, Inc. has a 52 week low of $3.00 and a 52 week high of $6.78. The company has a market capitalization of $760.27 million, a price-to-earnings ratio of 19.41, a PEG ratio of 0.89 and a beta of 1.58.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings results on Friday, November 7th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. American Axle & Manufacturing had a net margin of 0.72% and a return on equity of 7.92%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 earnings per share. As a group, equities research analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on AXL. UBS Group upped their target price on shares of American Axle & Manufacturing from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Monday, October 6th. Royal Bank Of Canada upgraded shares of American Axle & Manufacturing from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $6.00 to $8.00 in a report on Tuesday, September 2nd. Morgan Stanley set a $7.00 target price on shares of American Axle & Manufacturing in a research note on Monday. Wall Street Zen downgraded American Axle & Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of American Axle & Manufacturing in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.08.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.