Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is What Hedge Funds Think About American Axle & Manufact. Holdings, Inc. (AXL)

Because American Axle & Manufact. Holdings, Inc. (NYSE:AXL) has experienced no change in sentiment from the aggregate hedge fund industry, we will take a look at a few fund managers that elected to cut their positions entirely last quarter. Intriguingly, Gregg Moskowitz’s Interval Partners said goodbye to the largest stake of the 700 funds watched by Insider Monkey, worth an estimated $7.5 million in stock. Jim Simons’s fund, Renaissance Technologies, also dumped its stock, about $1.9 million worth of AXL shares. These moves are intriguing to say the least, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now review hedge fund activity in other stocks similar to American Axle & Manufact. Holdings, Inc. (NYSE:AXL). We will take a look at Orbotech Ltd. (NASDAQ:ORBK), ACCO Brands Corporation (NYSE:ACCO), Green Dot Corporation (NYSE:GDOT), and Amplify Snack Brands Inc (NYSE:BETR). All of these stocks’ market caps are closest to AXL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ORBK 15 153447 0
ACCO 20 40676 1
GDOT 17 180354 -2
BETR 5 13193 -5

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $97 million. That figure was $211 million in AXL’s case. ACCO Brands Corporation (NYSE:ACCO) is the most popular stock in this table. On the other hand Amplify Snack Brands Inc (NYSE:BETR) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks American Axle & Manufact. Holdings, Inc. (NYSE:AXL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.