Man Group PLC Discloses Stake in American Axle & Manufacturing Holdings, Inc.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Globenewswire
- Stake Disclosure: Man Group PLC holds 258,414 shares in American Axle & Manufacturing Holdings, Inc., representing 0.21%, indicating its investment interest which may influence market expectations regarding the company's future performance.
- Derivative Trading Activity: The firm also possesses 1,980,245 cash-settled derivatives, accounting for 1.66%, reflecting its active participation in the derivatives market, potentially providing additional revenue opportunities for its portfolio.
- Short Position Increase: Man Group has increased its short positions in USD 0.01 common stock, involving 2,661 and 1,695 shares traded at prices of 6.6095 and 6.6141 USD respectively, indicating its expectations of market downside risks.
- Transparency in Disclosure: This disclosure complies with Rule 8 of the Takeover Code, enhancing market transparency regarding Man Group's investment strategy and potentially increasing trust among investors.
AXL
$6.5+Infinity%1D
Analyst Views on AXL
Wall Street analysts forecast AXL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AXL is 7.04 USD with a low forecast of 4.50 USD and a high forecast of 8.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 6.630
Low
4.50
Averages
7.04
High
8.50
Current: 6.630
Low
4.50
Averages
7.04
High
8.50
About AXL
American Axle & Manufacturing Holdings, Inc. is an automotive and mobility supplier. It designs, engineers and manufactures driveline and metal forming technologies to support electric, hybrid and internal combustion vehicles. Its segment includes Driveline and Metal Forming. The Driveline products consist primarily of front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover utility vehicles, passenger cars and commercial vehicles. The Metal Forming products consist primarily of engine, transmission, driveline and safety-critical components for traditional internal combustion engine and electric vehicle architectures, including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets. It is a supplier of driveline components to General Motors Company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
