American Axle & Manufacturing (NYSE:AXL) Trading Up 6.4% – Time to Buy?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) traded up 6.4% during trading on Tuesday . The company traded as high as $5.79 and last traded at $5.79. 798,055 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 1,532,972 shares. The stock had previously closed at $5.44.

American Axle & Manufacturing Stock Up 2.5 %

The company has a debt-to-equity ratio of 4.28, a current ratio of 1.65 and a quick ratio of 1.29. The firm’s 50-day moving average price is $6.25 and its 200 day moving average price is $6.34. The firm has a market capitalization of $705.13 million, a price-to-earnings ratio of 24.99 and a beta of 1.96.

American Axle & Manufacturing (NYSE:AXL) last posted its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.25. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. During the same quarter last year, the business posted ($0.11) EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts expect that American Axle & Manufacturing Holdings, Inc. will post 0.47 EPS for the current year.

Institutional Trading of American Axle & Manufacturing

A number of hedge funds have recently bought and sold shares of AXL. Atom Investors LP boosted its holdings in shares of American Axle & Manufacturing by 1.0% during the third quarter. Atom Investors LP now owns 203,152 shares of the auto parts company’s stock worth $1,255,000 after purchasing an additional 2,087 shares during the last quarter. Xponance Inc. lifted its holdings in shares of American Axle & Manufacturing by 18.2% during the 2nd quarter. Xponance Inc. now owns 18,225 shares of the auto parts company’s stock worth $127,000 after acquiring an additional 2,800 shares during the period. Highland Capital Management LLC grew its holdings in American Axle & Manufacturing by 10.8% in the third quarter. Highland Capital Management LLC now owns 29,405 shares of the auto parts company’s stock valued at $182,000 after purchasing an additional 2,868 shares during the period. KBC Group NV increased its position in American Axle & Manufacturing by 81.3% during the third quarter. KBC Group NV now owns 7,160 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 3,211 shares during the last quarter. Finally, Quadrature Capital Ltd raised its stake in American Axle & Manufacturing by 28.6% during the third quarter. Quadrature Capital Ltd now owns 17,365 shares of the auto parts company’s stock worth $107,000 after purchasing an additional 3,861 shares during the period. Institutional investors and hedge funds own 91.41% of the company’s stock.

About American Axle & Manufacturing

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.