Reduces Stake in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Angelo Anderson
August 22, 2017

The Firm is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. Also, it has an estimated price-earnings (P/E) multiple of 4.61 and a trailing 12-month price-earnings (P/E) multiple of 4.83. It operates through two divisions: Truckload and Werner Logistics. Dimensional Fund Advisors LP increased its position in American Axle & Manufacturing Holdings by 19.4% in the first quarter. The stock of American Axle & Manufact. State of Alaska Department of Revenue now owns 8,440 shares of the auto parts company's stock worth $158,000 after buying an additional 170 shares during the last quarter. The market capitalization of the company is at $1.54 Billion. (NYSE:AXL) traded down 0.83% on Tuesday, hitting $14.30. About 365,487 shares traded. Six Flags Entertainment Corp (NYSE:SIX) has risen 5.91% since August 15, 2016 and is uptrending. It has underperformed by 12.31% the S&P500.

The collective rating of 2.3 for Penn National Gaming, Inc. Equities analysts anticipate that American Axle & Manufacturing Holdings, Inc. will post $3.29 EPS for the current fiscal year. Finally, Deutsche Bank AG reaffirmed a "buy" rating and set a $22.00 price target (down from $24.00) on shares of American Axle & Manufacturing Holdings in a research note on Thursday, June 22nd. The rating was downgraded by Stifel Nicolaus on Friday, December 16 to "Hold". They set a "buy" rating for the company.

Iconix Brand Group, Inc. has a consensus hold rating from 6 Wall Street analysts, and the number of shares now sold short amount to at least 14.48% of shares outstanding. Fairpointe Capital Llc owns 3.21 million shares or 1.75% of their United States portfolio. Panagora Asset Management holds 1.17M shares or 0.1% of its portfolio. The stock rose 0.43% or $0.23 reaching $54.06. Holdings, Inc. (AXL) has risen 4.39% since August 15, 2016 and is uptrending.

Since February 22, 2017, it had 0 insider purchases, and 7 sales for $76.94 million activity.

Connor Clark & Lunn Investment Management Ltd increased Equitable Resources Inc (NYSE:EQT) stake by 232,400 shares to 498,000 valued at $32.57 million in 2016Q4. Arcelormittal Sa Luxembourg (NYSE:MT) was reduced too.

Investors sentiment decreased to 0.93 in Q4 2016. 1 analysts call it Underweight, while 0 think it is Overweight. A 4 analysts rate it as either a buy or a strong buy, while 3 believe that investors should either steer clear of (NYSE:AXL) or, if they already own its stock, sell it. 40 funds opened positions while 66 raised stakes. With an institutional ownership near 23.2%, it carries an earnings per share ratio of 0.58. (NASDAQ:PENN) shares were trading lower by -0.56 percent ($-0.12) at $21.2 a piece in Tuesday's session. Glenmede Tru Na holds 2.50 million shares or 0.26% of its portfolio. Axa reported 10,100 shares. Gotham Asset Limited Liability Co accumulated 444,143 shares. Texas-based Sunbelt Inc has invested 0% in American Axle & Manufact.

American Axle & Manufacturing Holdings, Inc. makes, engineers, creates 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. (NYSE:AXL) Cheap From Peers? American Axle & Manufacturing had 30 analyst reports since August 4, 2015 according to SRatingsIntel. Holdings, Inc. (NYSE:AXL). 11,779 are owned by Miles Capital. Barrow Hanley Mewhinney And Strauss Limited Liability has invested 0.13% in American Axle & Manufact. Alliancebernstein Ltd Partnership holds 0% or 110,581 shares in its portfolio. Barrow Hanley Mewhinney & Strauss invested in 0.13% or 4.36 million shares. During the same period previous year, the business posted $0.90 earnings per share.

Ing Groep Nv decreased Citrix Sys Inc (NASDAQ:CTXS) stake by 694,067 shares to 35,200 valued at $3.17M in 2016Q4. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. Therefore 50% are positive. RBC Capital Markets upgraded it to "Outperform" rating and $23 target in Tuesday, December 20 report. The stock has "Equalweight" rating by Barclays Capital on Monday, January 25. The rating was maintained by Shore Capital on Wednesday, October 5 with "Buy". RBC Capital Markets maintained American Axle & Manufact. The rating was downgraded by Bank of America on Wednesday, November 9 to "Underperform". The firm earned "Buy" rating on Friday, April 28 by Wells Fargo. The rating was downgraded by FBR Capital to "Underperform" on Thursday, November 10. Holdings, Inc. (NYSE:AXL) earned "Sector Perform" rating by RBC Capital Markets on Monday, August 1.

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