Millennium Discloses Over 3% Stake in American Axle & Manufacturing Holdings, Inc.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
0mins
Source: Businesswire
- Stake Disclosure: Millennium International Management LP has disclosed a 3.262% stake in American Axle & Manufacturing Holdings, Inc., indicating a significant investment interest that may influence market perceptions of the stock.
- Short Position Overview: The firm also holds a short position of 6,082,535 shares, representing 5.124%, reflecting a cautious outlook on American Axle's future performance, which could impact investor confidence.
- Trading Activity Summary: Recently, Millennium executed multiple trades, including selling 160,253 shares at $6.63, demonstrating its active engagement and strategic adjustments in the market.
- Regulatory Compliance: This disclosure adheres to Rule 8.3 of the Takeover Code, ensuring transparency and potentially enhancing market trust in American Axle.
AXL
$6.6+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.
