Hudson Bay Capital Management LP Has Cut Its Position in American Axle & Mfg Hldgs In (AXL) as Stock Value Declined; As General Mtrs Co (GM) Shares Declined, Fifth Third Bancorp Has Boosted by $467,600 Its Stake

May 18, 2018 - By Ruchi Gupta

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

Sander Gerber decreased its stake in American Axle & Mfg Hldgs In (AXL) by 80.16% based on its latest 2017Q4 regulatory filing with the SEC. Hudson Bay Capital Management Lp sold 149,714 shares as the company’s stock declined 10.90% with the market. The hedge fund run by Sander Gerber held 37,063 shares of the capital goods company at the end of 2017Q4, valued at $631,000, down from 186,777 at the end of the previous reported quarter. Hudson Bay Capital Management Lp who had been investing in American Axle & Mfg Hldgs In for a number of months, seems to be less bullish one the $1.81B market cap company. The stock increased 0.31% or $0.05 during the last trading session, reaching $16.22. About 215,105 shares traded. American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has declined 17.15% since May 18, 2017 and is downtrending. It has underperformed by 28.70% the S&P500.

Fifth Third Bancorp increased its stake in General Mtrs Co (GM) by 18.5% based on its latest 2017Q4 regulatory filing with the SEC. Fifth Third Bancorp bought 11,690 shares as the company’s stock declined 17.02% with the market. The institutional investor held 74,864 shares of the auto manufacturing company at the end of 2017Q4, valued at $3.07 million, up from 63,174 at the end of the previous reported quarter. Fifth Third Bancorp who had been investing in General Mtrs Co for a number of months, seems to be bullish on the $53.33 billion market cap company. The stock decreased 1.20% or $0.46 during the last trading session, reaching $37.84. About 1.65M shares traded. General Motors Company (NYSE:GM) has risen 0.46% since May 18, 2017 and is uptrending. It has underperformed by 11.09% the S&P500.

More notable recent General Motors Company (NYSE:GM) news were published by: Nasdaq.com which released: “A Look Into Ford and General Motors’ Secret Weapons During the First Quarter” on May 18, 2018, also Globenewswire.com with their article: “GM Recognizes AK Steel for Performance, Quality, and Innovation” published on April 24, 2018, 247Wallst.com published: “The Biggest Company the Year You Were Born” on May 17, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Seekingalpha.com and their article: “Doomsday Valuation Makes This Stock A Buy” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “GM goes dark on monthly auto sales” with publication date: May 01, 2018.

Fifth Third Bancorp, which manages about $14.70B US Long portfolio, decreased its stake in Cbs Corp New (NYSE:CBS) by 148,507 shares to 4,540 shares, valued at $268,000 in 2017Q4, according to the filing. It also reduced its holding in Hanesbrands Inc (NYSE:HBI) by 15,684 shares in the quarter, leaving it with 32,449 shares, and cut its stake in Pinnacle Finl Partners Inc (NASDAQ:PNFP).

Among 29 analysts covering General Motors Company (NYSE:GM), 17 have Buy rating, 3 Sell and 9 Hold. Therefore 59% are positive. General Motors Company had 94 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of General Motors Company (NYSE:GM) earned “Hold” rating by CLSA on Wednesday, June 21. The firm has “Hold” rating given on Sunday, October 1 by RBC Capital Markets. The stock of General Motors Company (NYSE:GM) earned “Buy” rating by Piper Jaffray on Tuesday, October 24. On Monday, May 16 the stock rating was maintained by Citigroup with “Buy”. Morgan Stanley maintained the shares of GM in report on Wednesday, June 28 with “Overweight” rating. The rating was upgraded by Credit Suisse on Monday, January 11 to “Outperform”. On Thursday, December 1 the stock rating was initiated by Macquarie Research with “Outperform”. As per Friday, July 24, the company rating was maintained by RBC Capital Markets. Barclays Capital maintained the shares of GM in report on Monday, September 21 with “Hold” rating. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, February 6.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.03, from 0.87 in 2017Q3. It improved, as 64 investors sold GM shares while 322 reduced holdings. 122 funds opened positions while 225 raised stakes. 999.45 million shares or 1.00% less from 1.01 billion shares in 2017Q3 were reported. Marathon Trading Invest Management Limited Com stated it has 0.12% of its portfolio in General Motors Company (NYSE:GM). Eaton Vance reported 114,620 shares stake. Stellar Mgmt Ltd Liability invested 1.34% of its portfolio in General Motors Company (NYSE:GM). Farmers And Merchants owns 942 shares. Midas Management holds 0.75% in General Motors Company (NYSE:GM) or 45,750 shares. American Retail Bank invested 1.14% in General Motors Company (NYSE:GM). Monetta Fincl stated it has 0.53% of its portfolio in General Motors Company (NYSE:GM). Vermont-based Trust Of Vermont has invested 0% in General Motors Company (NYSE:GM). City Holdg Co holds 1,244 shares. Caisse De Depot Et Placement Du Quebec has 5.92M shares. Spectrum Asset Mgmt (Nb Ca) stated it has 6,850 shares or 0.21% of all its holdings. Kentucky Retirement Trust Fund accumulated 33,949 shares or 0.23% of the stock. Banced Corp holds 13,970 shares or 0.95% of its portfolio. 24,348 were reported by Ellington Management Group Limited Liability Company. Moreover, Canada Pension Plan Invest Board has 0.27% invested in General Motors Company (NYSE:GM) for 3.50 million shares.

Investors sentiment increased to 2.92 in Q4 2017. Its up 1.97, from 0.95 in 2017Q3. It improved, 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. Parallax Volatility Advisers Lp holds 0% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) or 15,120 shares. Cipher Limited Partnership invested in 0.3% or 221,548 shares. Janney Cap Mgmt Llc holds 0.01% of its portfolio in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) for 18,227 shares. Parkside Fincl Fincl Bank invested in 89 shares. Pacad Inv invested 0.02% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Northpointe Ltd Llc has invested 0.97% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Ny State Teachers Retirement reported 68,505 shares. 499,011 are held by Automobile Association. Barclays Public Limited Liability Corp holds 112,225 shares. Weiss Multi holds 0.09% of its portfolio in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) for 197,000 shares. Credit Suisse Ag owns 104,050 shares. Rhumbline Advisers accumulated 232,191 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Swiss Bancorp invested 0% of its portfolio in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Leuthold Grp Ltd Liability Com reported 175,464 shares.

Since December 15, 2017, it had 0 buys, and 4 insider sales for $5.01 million activity. Lynch Michael Joseph had sold 16,337 shares worth $256,164 on Tuesday, March 13. Satine Alberto L sold $380,488 worth of stock or 25,349 shares.

Analysts await American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) to report earnings on July, 27. They expect $1.12 earnings per share, up 13.13% or $0.13 from last year’s $0.99 per share. AXL’s profit will be $125.05M for 3.62 P/E if the $1.12 EPS becomes a reality. After $0.98 actual earnings per share reported by American Axle & Manufacturing Holdings, Inc. for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

Among 14 analysts covering American Axle & Manufacturing (NYSE:AXL), 8 have Buy rating, 2 Sell and 4 Hold. Therefore 57% are positive. American Axle & Manufacturing had 46 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Sector Weight” rating given on Wednesday, November 16 by KeyBanc Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Friday, December 16. The rating was maintained by RBC Capital Markets with “Buy” on Friday, July 7. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 3. The firm has “Hold” rating by KeyBanc Capital Markets given on Friday, November 3. On Tuesday, March 22 the stock rating was initiated by Northcoast with “Neutral”. As per Monday, May 7, the company rating was maintained by FBR Capital. On Friday, November 4 the stock rating was downgraded by CLSA to “Underperform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, August 1. The firm has “Neutral” rating given on Tuesday, June 21 by Bank of America.

More important recent American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for ManpowerGroup, JC Penney, HP, American Axle & Manufacturing, Mondelez …” on May 16, 2018, also Seekingalpha.com published article titled: “American Axle & Manufacturing’s (AXL) CEO David Dauch on Q1 2018 Results – Earnings Call Transcript”, Prnewswire.com published: “AAM to Present at the 2018 Barclays High Yield Bond and Syndicated Loan Conference on May 22” on May 18, 2018. More interesting news about American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) was released by: Streetinsider.com and their article: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” with publication date: May 15, 2018.

General Motors Company (NYSE:GM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>