Cipher Capital Lp buys $8,665,576 stake in American Axle & Manufact. Holdings (AXL)

American Axle & Manufact. Holdings (AXL) : Cipher Capital Lp scooped up 237,881 additional shares in American Axle & Manufact. Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 484,381 shares of American Axle & Manufact. Holdings which is valued at $8,665,576.American Axle & Manufact. Holdings makes up approximately 0.57% of Cipher Capital Lp’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board added AXL to its portfolio by purchasing 53,200 company shares during the most recent quarter which is valued at $951,748. American Axle & Manufact. Holdings makes up approx 0.01% of Public Sector Pension Investment Board’s portfolio.Teacher Retirement System Of Texas boosted its stake in AXL in the latest quarter, The investment management firm added 1,760 additional shares and now holds a total of 10,133 shares of American Axle & Manufact. Holdings which is valued at $179,658. First Personal Financial Services added AXL to its portfolio by purchasing 572 company shares during the most recent quarter which is valued at $10,142.Cutler Group Lp boosted its stake in AXL in the latest quarter, The investment management firm added 2,018 additional shares and now holds a total of 3,865 shares of American Axle & Manufact. Holdings which is valued at $61,415.

American Axle & Manufact. Holdings opened for trading at $17.62 and hit $17.77 on the upside on Tuesday, eventually ending the session at $17.75, with a gain of 1.20% or 0.21 points. The heightened volatility saw the trading volume jump to 7,43,207 shares. Company has a market cap of $1,357 M.

On the company’s financial health, American Axle & Manufact. Holdings reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.81. The company had revenue of $1025.40 million for the quarter, compared to analysts expectations of $1027.52 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on American Axle & Manufact. Holdings. Company shares were Downgraded by RBC Capital Mkts on Aug 1, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .American Axle & Manufact. Holdings was Downgraded by BofA/Merrill to ” Neutral” on Jun 21, 2016.

American Axle & Manufacturing Holdings Inc. is an automotive supplier. The Company manufactures engineers designs and validates driveline and drivetrain systems and related components and chassis modules. The Company provides these components for light trucks sport utility vehicles (SUVs) passenger cars crossover vehicles and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Its driveline drivetrain and related products include axles driveheads chassis modules driveshafts power transfer units transfer cases chassis and steering components transmission parts electric drive systems and metal-formed products. The Company’s technologies include PowerLite axles PowerDense gears and PowerFilm lubricant for passenger car light truck and AWD applications. It operates in 13 countries and has 37 manufacturing engineering and business office facilities across the world.

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