Sold ~25% of American Axle and Manufacturing (Ticker AXL)

Sold ~25% of my ~7% position in American Axle and Manufacturing at $12.54.

AXL is up almost 30% from when I built the position in October and November. The stock trades about 8.5x the consensus C10 and C11 EPS estimates, which remains attractive for a company that I believe will continue to strengthen over the next year. The primary reason for the sale is to re-balance the portfolio. A secondary reason is to move more conservative into the year-end and hopefully lock-in some profits after a good move up in the portfolio.

Should AXL decline in the near-term, I would likely add back to the position.