Barclays Plc Increased American Axle &Amp Mfg Hldgs In (NYSE:AXL) Stake by $33.19 Million

May 23, 2018 - By Richard Conner

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) LogoInvestors sentiment increased to 2.92 in Q4 2017. Its up 1.97, from 0.95 in 2017Q3. It increased, as 16 investors sold AXL shares while 36 reduced holdings. 52 funds opened positions while 100 raised stakes. 113.60 million shares or 1.43% less from 115.24 million shares in 2017Q3 were reported. Financial Bank Of America De reported 0% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Principal Financial Group Incorporated holds 756,562 shares. Wilen Mngmt reported 0.42% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Scopus Asset Lp invested in 527,489 shares or 0.08% of the stock. Geode Capital Llc reported 1.20M shares or 0.01% of all its holdings. 68,505 are owned by Ny State Teachers Retirement. Gsa Cap Prtnrs Llp has 187,379 shares for 0.19% of their portfolio. Moreover, Aqr Capital Mgmt Lc has 0.01% invested in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) for 387,696 shares. Magnetar Financial Ltd Liability holds 0.03% or 62,356 shares in its portfolio. Panagora Asset Mngmt holds 0% or 198 shares in its portfolio. Ellington Mgmt Lc reported 75,769 shares. Glenmede Na stated it has 0.18% of its portfolio in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Jane Street Gp holds 0.01% or 116,459 shares. Ls Inv Advisors Ltd Limited Liability Company, Michigan-based fund reported 5,526 shares. Advisory Svcs Net Ltd Llc has invested 0% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL).

Since December 15, 2017, it had 0 insider purchases, and 4 selling transactions for $5.01 million activity. Lynch Michael Joseph also sold $256,164 worth of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) shares. Satine Alberto L sold $380,488 worth of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) on Tuesday, March 13.

Barclays Plc increased its stake in American Axle &Amp Mfg Hldgs In (NYSE:AXL) by 25435.26% based on its latest 2018Q1 regulatory filing with the SEC. Barclays Plc bought 2.21 million shares as the company’s stock declined 10.90% with the market. The institutional investor held 2.22M shares of the capital goods company at the end of 2018Q1, valued at $33.81 million, up from 8,700 at the end of the previous reported quarter. Barclays Plc who had been investing in American Axle &Amp Mfg Hldgs In for a number of months, seems to be bullish on the $1.80 billion market cap company. The stock decreased 0.46% or $0.08 during the last trading session, reaching $16.12. About 164,986 shares traded. American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has declined 17.15% since May 23, 2017 and is downtrending. It has underperformed by 28.70% the S&P500.

Barclays Plc, which manages about $130.90B US Long portfolio, decreased its stake in Red Hat Inc (Put) (NYSE:RHT) by 85,500 shares to 69,100 shares, valued at $10.33M in 2018Q1, according to the filing. It also reduced its holding in Verizon Communications Inc (Put) (NYSE:VZ) by 344,500 shares in the quarter, leaving it with 657,000 shares, and cut its stake in Chicago Bridge &Amp Iron Co N V (Put) (NYSE:CBI).

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Ratings Coverage

Among 7 analysts covering American Axle (NYSE:AXL), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. American Axle had 9 analyst reports since December 19, 2017 according to SRatingsIntel. On Friday, January 19 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Citigroup on Tuesday, May 8 with “Buy”. The firm has “Sell” rating given on Monday, May 7 by FBR Capital. RBC Capital Markets maintained American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) rating on Tuesday, December 19. RBC Capital Markets has “Buy” rating and $24.0 target. The stock has “Buy” rating by Guggenheim on Thursday, April 19. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, March 22. The rating was upgraded by Citigroup to “Buy” on Tuesday, March 27. The firm earned “Hold” rating on Wednesday, March 14 by Susquehanna.

American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, validates, and makes driveline and drivetrain systems, and related components and chassis modules for the automotive industry in the United States, Canada, Mexico, South America, Asia, Europe, and internationally. The company has market cap of $1.80 billion. It offers axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems, and metal-formed products that transfer power from the transmission to the drive wheels. It has a 5.02 P/E ratio. The firm offers its products for light trucks, sport utility vehicles, passenger cars, and crossover and commercial vehicles.

More recent American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) news were published by: which released: “American Axle & Manufacturing’s (AXL) CEO David Dauch on Q1 2018 Results – Earnings Call Transcript” on May 05, 2018. Also published the news titled: “New Research: Key Drivers of Growth for ManpowerGroup, JC Penney, HP, American Axle & Manufacturing, Mondelez …” on May 16, 2018.‘s news article titled: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” with publication date: May 15, 2018 was also an interesting one.

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Institutional Positions Chart

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