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As American Axle & Mfg Hldgs Com (AXL) Stock Declined, Holder Hennessy Advisors Has Cut Its Holding by $1.09 Million; International Business Machs (IBM) Valuation Rose While Drexel Morgan & Company Has Lifted Position

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Drexel Morgan & Company increased its stake in International Business Machs (IBM) by 34.48% based on its latest 2019Q2 regulatory filing with the SEC. Drexel Morgan & Company bought 3,169 shares as the company’s stock rose 5.46% . The institutional investor held 12,360 shares of the computer manufacturing company at the end of 2019Q2, valued at $1.71 million, up from 9,191 at the end of the previous reported quarter. Drexel Morgan & Company who had been investing in International Business Machs for a number of months, seems to be bullish on the $127.73 billion market cap company. The stock increased 0.23% or $0.33 during the last trading session, reaching $142.02. About 2.81 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 1.89% since October 4, 2018 and is uptrending. It has outperformed by 1.89% the S&P500. Some Historical IBM News: 11/04/2018 – Global Financial Analytics Market Report 2017-2021 with Key Players IBM, Microsoft, Oracle and SAP Dominating – ResearchAndMarkets.com; 19/03/2018 – MEDIA-IBM Germany to sell parts of services ops to Bechtle -Wirtschaftswoche; 15/05/2018 – BERKSHIRE 13F NO LONGER SHOWS STAKE IN IBM AS OF 1Q; 24/05/2018 – MariaDB TX 3.0 Delivers First Enterprise Open Source Database to Beat Oracle, Microsoft and IBM; 17/04/2018 – IBM 1Q Technology Services and Cloud Platforms Rev $8.63B; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 24/04/2018 – IBM Board Approves Increase In Quarterly Cash Dividend For The 23rd Consecutive Year; 18/04/2018 – XTD LTD XTD.AX – SIGNED COLLABORATION AGREEMENT WITH IBM FOR GLOBAL DISTRIBUTION OF SMART CITIES SOFTWARE SOLUTIONS; 17/04/2018 – IBM – STRATEGIC IMPERATIVES REVENUE OVER LAST 12 MONTHS WAS $37.7 BILLION, UP 12 PERCENT (UP 10 PERCENT ADJUSTING FOR CURRENCY); 26/04/2018 – WhiteSource Launches Contextual Pattern Matching Engine, Supporting Over 200 Programming Languages

Hennessy Advisors Inc decreased its stake in American Axle & Mfg Hldgs Inc Com (AXL) by 9.2% based on its latest 2019Q2 regulatory filing with the SEC. Hennessy Advisors Inc sold 90,900 shares as the company’s stock declined 15.42% . The institutional investor held 897,500 shares of the capital goods company at the end of 2019Q2, valued at $11.45 million, down from 988,400 at the end of the previous reported quarter. Hennessy Advisors Inc who had been investing in American Axle & Mfg Hldgs Inc Com for a number of months, seems to be less bullish one the $806.82M market cap company. The stock decreased 1.37% or $0.1 during the last trading session, reaching $7.2. About 2.65M shares traded. American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has declined 28.03% since October 4, 2018 and is downtrending. It has underperformed by 28.03% the S&P500. Some Historical AXL News: 09/03/2018 Consolidated Research: 2018 Summary Expectations for Envision Healthcare, Taylor Morrison Home, Vertex Pharmaceuticals, ReShape; 20/04/2018 – AAM to Webcast and Teleconference First Quarter 2018 Financial Results on May 4; 15/05/2018 – Adage Capital Partners GP Buys New 2% Position in American Axle; 26/03/2018 – American Axle Presenting at Bank of America Conference Mar 28; 08/05/2018 – AMERICAN AXLE & MANUFACTURING HOLDINGS INC AXL.N : CITIGROUP RAISES TARGET PRICE TO $23 FROM $20; 12/03/2018 – S&PGR Rates American Axle & Manufacturing Inc.’s Sr Notes ‘B’; 12/03/2018 – Moody’s Rates American Axle’s New Notes B2; 22/03/2018 – AMERICAN AXLE & MANUFACTURING HOLDINGS INC AXL.N : MORGAN STANLEY RAISES TO OVERWEIGHT FROM UNDERWEIGHT; 04/05/2018 – AMERICAN AXLE SEES FY SALES $7B, EST. $6.96B; 04/05/2018 – American Axle to Redeem $100M of Its Outstanding 6.625% Senior Unsecured Notes Due 2022

More notable recent American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) news were published by: Seekingalpha.com which released: “Tata Motors among consumer gainers; GoPro leads the losers – Seeking Alpha” on October 03, 2019, also Seekingalpha.com with their article: “G-III Apparel leads consumer gainers; Church & Dwight and REV Group among losers – Seeking Alpha” published on September 05, 2019, Finance.Yahoo.com published: “American Axle (AXL) Q1 Earnings Top Estimates, Revenues Miss – Yahoo Finance” on May 06, 2019. More interesting news about American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) were released by: Finance.Yahoo.com and their article: “At US$15.44, Is It Time To Put American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) On Your Watch List? – Yahoo Finance” published on April 24, 2019 as well as Seekingalpha.com‘s news article titled: “American Axle Working Through Operational Challenges And A Pessimistic Street – Seeking Alpha” with publication date: May 07, 2019.

Analysts await American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) to report earnings on November, 1. They expect $0.63 earnings per share, 0.00% or $0.00 from last year’s $0.63 per share. AXL’s profit will be $70.60M for 2.86 P/E if the $0.63 EPS becomes a reality. After $0.55 actual earnings per share reported by American Axle & Manufacturing Holdings, Inc. for the previous quarter, Wall Street now forecasts 14.55% EPS growth.

Hennessy Advisors Inc, which manages about $5.52 billion and $2.09B US Long portfolio, upped its stake in Avangrid Inc by 167,500 shares to 184,700 shares, valued at $9.33M in 2019Q2, according to the filing. It also increased its holding in Franklin Finl Network Inc by 15,000 shares in the quarter, for a total of 175,000 shares, and has risen its stake in Fair Isaac Corp (NYSE:FICO).

Investors sentiment increased to 1.26 in Q2 2019. Its up 0.17, from 1.09 in 2019Q1. It improved, as 24 investors sold AXL shares while 49 reduced holdings. 30 funds opened positions while 62 raised stakes. 112.51 million shares or 1.05% more from 111.34 million shares in 2019Q1 were reported. Jpmorgan Chase & holds 0% or 948,933 shares in its portfolio. Weiss Multi holds 25,000 shares or 0.01% of its portfolio. Employees Retirement Association Of Colorado owns 12,513 shares or 0% of their US portfolio. Ameritas Inv Partners Inc has invested 0.01% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Clarivest Asset Mngmt Ltd Limited Liability Company, a California-based fund reported 347,803 shares. Jefferies Group Lc invested 0% of its portfolio in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Macquarie Grp Ltd, Australia-based fund reported 114,200 shares. Blackrock Inc reported 16.87M shares or 0.01% of all its holdings. 2.44M are owned by Prudential Public Limited Company. Wellington Mngmt Llp accumulated 1.91M shares. Hudson Bay Capital Limited Partnership invested in 516,817 shares or 0.15% of the stock. Financial Bank Of America De stated it has 2.00 million shares. Barrow Hanley Mewhinney & Strauss Ltd Liability invested in 0.13% or 5.67M shares. Camelot Portfolios Ltd Liability accumulated 10,000 shares or 0.05% of the stock. Brookfield Asset Management Inc holds 0% or 66,137 shares.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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Source: on 2019-10-04 09:40:15

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