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HomeMarketResultsAmerican Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Short Interest Down 16.9% in...

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Short Interest Down 16.9% in December


American Axle & Manufacturing Holdings, Inc. (NYSE:AXLGet Rating) was the goal of a giant decline in brief curiosity within the month of December. As of December fifteenth, there was quick curiosity totalling 3,200,000 shares, a decline of 16.9% from the November thirtieth complete of three,850,000 shares. Primarily based on a mean each day quantity of 1,440,000 shares, the days-to-cover ratio is presently 2.2 days. Roughly 2.9% of the shares of the corporate are quick bought.

Institutional Buying and selling of American Axle & Manufacturing

Hedge funds and different institutional buyers have not too long ago modified their holdings of the corporate. FMR LLC raised its place in shares of American Axle & Manufacturing by 60,578.4% throughout the second quarter. FMR LLC now owns 4,169,820 shares of the auto elements firm’s inventory price $31,398,000 after buying a further 4,162,948 shares throughout the interval. Goldman Sachs Group Inc. raised its place in shares of American Axle & Manufacturing by 804.1% throughout the second quarter. Goldman Sachs Group Inc. now owns 1,835,148 shares of the auto elements firm’s inventory price $13,819,000 after buying a further 1,632,158 shares throughout the interval. Prudential Monetary Inc. raised its place in shares of American Axle & Manufacturing by 886.3% throughout the third quarter. Prudential Monetary Inc. now owns 1,155,276 shares of the auto elements firm’s inventory price $7,890,000 after buying a further 1,038,140 shares throughout the interval. Fuller & Thaler Asset Administration Inc. raised its place in shares of American Axle & Manufacturing by 22.1% throughout the first quarter. Fuller & Thaler Asset Administration Inc. now owns 3,959,930 shares of the auto elements firm’s inventory price $30,729,000 after buying a further 715,970 shares throughout the interval. Lastly, Vanguard Group Inc. raised its place in shares of American Axle & Manufacturing by 3.9% throughout the first quarter. Vanguard Group Inc. now owns 14,282,775 shares of the auto elements firm’s inventory price $110,834,000 after buying a further 540,198 shares throughout the interval. Institutional buyers personal 95.74% of the corporate’s inventory.

American Axle & Manufacturing Value Efficiency

Shares of AXL traded up $0.04 throughout noon buying and selling on Monday, reaching $7.82. The inventory had a buying and selling quantity of 27,696 shares, in comparison with its common quantity of 1,633,659. American Axle & Manufacturing has a 52 week low of $6.36 and a 52 week excessive of $11.96. The corporate has a debt-to-equity ratio of 6.11, a present ratio of 1.69 and a fast ratio of 1.32. The agency’s 50 day transferring common worth is $9.33 and its 200-day transferring common worth is $8.91. The corporate has a market capitalization of $895.81 million, a P/E ratio of 782.78, a P/E/G ratio of 1.32 and a beta of two.27.

American Axle & Manufacturing (NYSE:AXLGet Rating) final posted its quarterly earnings information on Friday, November 4th. The auto elements firm reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. American Axle & Manufacturing had a return on fairness of 15.04% and a internet margin of 0.07%. The corporate had income of $1.54 billion for the quarter, in comparison with the consensus estimate of $1.44 billion. On common, analysts forecast that American Axle & Manufacturing will publish 0.73 earnings per share for the present fiscal yr.

Wall Road Analyst Weigh In

Quite a lot of analysis analysts not too long ago issued stories on the corporate. Citigroup boosted their worth goal on American Axle & Manufacturing from $8.50 to $11.00 in a analysis report on Wednesday, November twenty third. Financial institution of America lowered American Axle & Manufacturing from a “purchase” score to a “impartial” score and decreased their worth goal for the corporate from $16.00 to $13.00 in a analysis report on Friday, September ninth. Lastly, StockNews.com initiated protection on American Axle & Manufacturing in a analysis report on Wednesday, October twelfth. They set a “purchase” score for the corporate. One analyst has rated the inventory with a promote score, six have assigned a maintain score and two have assigned a purchase score to the inventory. In response to information from MarketBeat, American Axle & Manufacturing has a mean score of “Maintain” and a consensus goal worth of $9.50.

About American Axle & Manufacturing

(Get Rating)

American Axle & Manufacturing Holdings, Inc, along with its subsidiaries, designs, engineers, and manufactures driveline and steel forming applied sciences that helps electrical, hybrid, and inner combustion autos in the US, Mexico, South America, China, different Asian international locations, and Europe.

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This on the spot information alert was generated by narrative science expertise and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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