Ellington Management Group Has Boosted Holding in American Axle & Mfg Hldgs In (AXL); Ionic Capital Management Stake in Cisco Sys (CSCO) Has Cut by $1.63 Million

May 23, 2018 - By Jacob Smith

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

Bart Baum decreased its stake in Cisco Sys Inc (CSCO) by 66.15% based on its latest 2017Q4 regulatory filing with the SEC. Ionic Capital Management Llc sold 43,000 shares as the company’s stock rose 10.71% while stock markets declined. The hedge fund run by Bart Baum held 22,000 shares of the technology company at the end of 2017Q4, valued at $843,000, down from 65,000 at the end of the previous reported quarter. Ionic Capital Management Llc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $207.32 billion market cap company. The stock decreased 1.41% or $0.615 during the last trading session, reaching $43.035. About 5.67 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 23, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Mike Vranos increased its stake in American Axle & Mfg Hldgs In (AXL) by 175.25% based on its latest 2017Q4 regulatory filing with the SEC. Ellington Management Group Llc bought 48,242 shares as the company’s stock declined 10.90% with the market. The hedge fund run by Mike Vranos held 75,769 shares of the capital goods company at the end of 2017Q4, valued at $1.29 million, up from 27,527 at the end of the previous reported quarter. Ellington Management Group Llc who had been investing in American Axle & Mfg Hldgs In for a number of months, seems to be bullish on the $1.80B market cap company. The stock decreased 0.77% or $0.12 during the last trading session, reaching $16.08. About 253,194 shares traded. American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) has declined 17.15% since May 23, 2017 and is downtrending. It has underperformed by 28.70% the S&P500.

Investors sentiment increased to 2.92 in Q4 2017. Its up 1.97, from 0.95 in 2017Q3. It increased, 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. The United Kingdom-based Gsa Capital Partners Llp has invested 0.19% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Bankshares Of Montreal Can holds 0% of its portfolio in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) for 13,970 shares. Citadel Advsrs Ltd Com holds 0.03% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) or 2.94M shares. Riverhead Mgmt Ltd Com reported 0% of its portfolio in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Alliancebernstein LP invested 0.01% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Pacad Invest Ltd stated it has 0.02% of its portfolio in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). Qs Ltd Company holds 0% or 37 shares in its portfolio. Alyeska Invest Gp LP has 640,837 shares. Muhlenkamp Commerce Inc holds 0.08% of its portfolio in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) for 15,400 shares. Brandywine Global Investment Lc has invested 0.03% in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). 166,476 were reported by Arizona State Retirement Systems. Stratos Wealth Prtn Ltd has 0% invested in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL). 20,409 were reported by Stevens Capital Management L P. Dnb Asset As invested in 4.60M shares. Wells Fargo Co Mn invested in 0% or 186,772 shares.

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 stock of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) earned “Outperform” rating by RBC Capital Markets on Wednesday, June 29. The company was downgraded on Thursday, November 10 by FBR Capital. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 3. The firm has “Buy” rating given on Tuesday, May 8 by Citigroup. Bank of America maintained American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) rating on Monday, November 6. Bank of America has “Underperform” rating and $13 target. The rating was initiated by CLSA on Wednesday, June 21 with “Buy”. The firm earned “Equal-Weight” rating on Tuesday, August 2 by Barclays Capital. The firm has “Overweight” rating given on Thursday, March 22 by Morgan Stanley. The stock of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) earned “Sell” rating by FBR Capital on Wednesday, November 8. The stock has “Buy” rating by Deutsche Bank on Thursday, December 1.

Since December 15, 2017, it had 0 buys, and 4 insider sales for $5.01 million activity. Shares for $256,164 were sold by Lynch Michael Joseph on Tuesday, March 13. On Tuesday, March 13 Satine Alberto L sold $380,488 worth of American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) or 25,349 shares.

Ellington Management Group Llc, which manages about $12.47B and $611.59M US Long portfolio, decreased its stake in Lands End Inc New (NASDAQ:LE) by 19,603 shares to 17,797 shares, valued at $348,000 in 2017Q4, according to the filing. It also reduced its holding in Boise Cascade Co Del (NYSE:BCC) by 8,800 shares in the quarter, leaving it with 17,500 shares, and cut its stake in Transocean Ltd (NYSE:RIG).

More recent American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) news were published by: Streetinsider.com which released: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” on May 15, 2018. Also Globenewswire.com published the news titled: “New Research: Key Drivers of Growth for ManpowerGroup, JC Penney, HP, American Axle & Manufacturing, Mondelez …” on May 16, 2018. Seekingalpha.com‘s news article titled: “American Axle & Manufacturing’s (AXL) CEO David Dauch on Q1 2018 Results – Earnings Call Transcript” with publication date: May 05, 2018 was also an interesting one.

Ionic Capital Management Llc, which manages about $4.83 billion and $2.41B US Long portfolio, upped its stake in Spdr Ser Tr (SJNK) by 39,512 shares to 83,235 shares, valued at $2.29 million in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp (Put) (NASDAQ:MSFT) by 7,400 shares in the quarter, for a total of 160,000 shares, and has risen its stake in Invesco Sr Income Tr (VVR).

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Livetradingnews.com which released: “Cisco Systems, Inc. (NASDAQ:CSCO) Stock Oversold” on May 22, 2018, also Benzinga.com with their article: “What Wall Street Thinks Of Cisco’s Q3 Earnings” published on May 17, 2018, Globenewswire.com published: “Cisco Announces May 2018 Event with the Financial Community” on May 01, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Globenewswire.com and their article: “Oppenheimer and Cisco to Host Tech Talk on Cisco’s AppDynamics” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “Cisco Systems: Should We Be Worried?” with publication date: May 21, 2018.

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Cisco Systems Inc. had 170 analyst reports since August 4, 2015 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Thursday, August 18 report. The firm has “Hold” rating given on Wednesday, August 16 by J.P. Morgan. Goldman Sachs downgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Wednesday, June 15 to “Neutral” rating. As per Tuesday, April 5, the company rating was downgraded by Bank of America. The company was maintained on Thursday, November 16 by Barclays Capital. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, February 15 by Jefferies. Piper Jaffray maintained the stock with “Buy” rating in Thursday, August 13 report. UBS maintained Cisco Systems, Inc. (NASDAQ:CSCO) on Thursday, May 17 with “Buy” rating. Oppenheimer maintained it with “Buy” rating and $3600 target in Wednesday, June 28 report. Morgan Stanley downgraded the stock to “Equal Weight” rating in Monday, August 17 report.

Since December 14, 2017, it had 0 insider buys, and 5 insider sales for $10.28 million activity. 15,230 shares valued at $578,740 were sold by MCGEARY RODERICK C on Thursday, December 14. The insider SARIN ARUN sold 14,189 shares worth $625,751. 12,126 shares were sold by BURNS M MICHELE, worth $550,153. Another trade for 200,000 shares valued at $7.59 million was made by BARTZ CAROL on Thursday, December 14.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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