AK Steel Holding Corporation (AKS) Closed at $6.19

  • AK Steel Holding Corporation (AKS) Closed at $6.19

AK Steel Holding Corporation (AKS) Closed at $6.19

It improved, as 46 investors sold AK Steel Holding Corporation shares while 58 reduced holdings. Berkshire Asset Mgmt Ltd Liability Co Pa stated it has 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS).

Other institutional investors have also bought and sold shares of the company.

Now the shares of United States Steel Corp. Highline Capital Management L.P. acquired a new stake in United States Steel Corporation during the third quarter valued at approximately $4,215,000.

In related news, Director David Sutherland acquired 10,000 shares of United States Steel Corporation stock in a transaction on Friday, May 12th. Finally, Teachers Advisors LLC raised its position in shares of United States Steel Corporation by 80.3% in the fourth quarter. Vanguard Group Inc. raised its position in shares of United States Steel Corporation by 10.1% in the first quarter. Principal Financial Group Inc. now owns 654,072 shares of the basic materials company's stock valued at $12,335,000 after buying an additional 105,949 shares during the period. Van Eck Assocs has invested 0.03% in AK Steel Holding Corporation (NYSE:AKS). About 12.56 million shares traded. The firm has a 50-day moving average price of $20.67 and a 200-day moving average price of $30.88. However the company reported $0.08 earnings per share for the same quarter during a year ago. AK Steel Holding Corporation had a negative return on equity of 235.11% and a net margin of 1.16%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.91 billion. During the same period a year ago, the firm earned ($2.15) EPS. The firm's revenue for the quarter was up 16.4% compared to the same quarter previous year. The consensus mean EPS for the current quarter is at $0.13 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. The company also declared a dividend for shareholders which was paid on Friday the 9th of June 2017. AKS's profit will be $46.89M for 10.45 P/E if the $0.15 EPS becomes a reality. The dividend was $0.050 per share for the quarter which is $0.20 annualized. The ex-dividend date was Monday the 8th of May 2017. AK Steel Holding Corporation's P/E ratio is 23.42.

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Earnings Per Share (EPS) is the earnings made by a company divided by their number of shares. AK Steel Holding Corporation P/E (price to earnings) ratio is 23.01 and Forward P/E ratio of 8.48. AK Steel Holding Corporation had 50 analyst reports since July 29, 2015 according to SRatingsIntel.

Citigroup Inc. upgraded shares of United States Steel Corporation (NYSE:X) to a hold rating in a research report released on Tuesday, June 13th.

Taking a broader look brokerage firms' analysts on the street with an expectant view have AK Steel Holding Corp (NYSE:AKS) high price target of $11 and with a conservative view have low price target of $7. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus target price of $29.44. Also, Director Paul Anthony Mascarenas purchased 1,500 shares of the company's stock in a transaction on Thursday, May 18th. The stock traded at a volume of 18.72 million shares. State Street Corp now owns 5,547,843 shares of the basic materials company's stock worth $187,574,000 after buying an additional 27,483 shares in the last quarter. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The stock's average target of $13.50 is 2.74% above today's ($13.14) share price.

NiSource Inc. (NYSE:NI) has a market cap of $8.41 billion and over the last 12 months, NI has risen by 2.65%. The disclosure for this purchase can be found here. Tightening the gaze, stock performance for the last 5 trading days is 3.45%. Morgan Stanley has "Equal-Weight" rating and $45 target.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel).