AK Steel Holding Corporation (NYSE:AKS) Short Interest Update

Frederick Owens
August 12, 2017

They now have a $30.00 price target on the basic materials company's stock. Blackrock Inc. owns $211 million in AK Steel Holding Corporation, which represents roughly 12.56% of the company's market cap and approximately 15.83% of the institutional ownership.

A number of other brokerages have also commented on X. On average, analysts forecast that United States Steel Corporation will post $1.75 EPS for the current year. (NYSE:JCP). At the time of writing, the First Call consensus price target for the company is $6.77. BMO Capital Markets set a $7.00 target price on shares of AK Steel Holding Corporation and gave the stock a "hold" rating in a report on Sunday, July 30th. Shikiar Asset Management Inc. boosted its position in shares of AK Steel Holding Corporation by 2.5% in the second quarter. The analysts estimated sales for the higher end at 1553.38 million and lower end at 1497 million while the year ago reported sale was 1533.16 million. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company.

Timken Steel Corporation (TMST) traded down 0.12% during midday trading on Thursday, reaching $15.99. Company shares last traded at $15.59 which is marginally higher than $15.48, the 50 day moving average and just a bit lower than the 200 day moving average of $16.26. The firm has 16.89% of total shares float short, yielding a short ratio of 2.77. For the current quarter AK Steel Holding Corp (NYSE:AKS) has high EPS estimates of $0.1 in contradiction of low EPS estimates of $0.01. As of the latest earnings report the EPS was $0.38 and is estimated to be $0.51 for the current year with 314,848,000 shares now outstanding. The company had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.55 billion. Over the last week of the month, it was -0.56%, -6.98% over the last quarter, and -38.45% for the past six months. However a year ago for the same quarter the company has reported $0.21 EPS.

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Wall Street analysts are predicting that AK Steel Holding Corp (NYSE:AKS) will report earnings per share of $0.04 in their quarterly report.

Among 18 analysts covering AK Steel Holding Corporation (NYSE:AKS), 6 have Buy rating, 1 Sell and 11 Hold. Strs Ohio invested 0% in AK Steel Holding Corporation (NYSE:AKS). If you are viewing this news story on another domain, it was stolen and republished in violation of USA and global copyright laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/10/timken-steel-corporation-nysetmst-shares-sold-by-california-public-employees-retirement-system-updated-updated-updated.html. The fund bought 20,000 shares of the basic materials company's stock, valued at approximately $443,000. The shares were bought at an average cost of $19.94 per share, with a total value of $49,850.00. Following the transaction, the director now owns 21,872 shares of the company's stock, valued at $436,127.68. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David Sutherland acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 12th. Overall, volume was up 63.91% over the stocks normal daily volume. Share performance for the month is now at -12.97%. The disclosure for this purchase can be found here. The average volume of a stock suggests the liquidity of a particular company. Nikko Asset Management Americas Inc. increased its stake in shares of United States Steel Corporation by 36.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 60,446 shares of the basic materials company's stock valued at $2,044,000 after buying an additional 2,615 shares during the period. ValuEngine lifted Timken Steel Corporation from a "strong sell" recommendation to a "sell" recommendation in a analysis note on Friday morning, May 26th. The value of the investment in TMST decreased from $4,429,000 to $3,155,000 a change of $1,274,000 quarter over quarter. World Asset Management Inc boosted its position in shares of AK Steel Holding Corporation by 1.4% in the first quarter. The market capitalization of the company is at $1.69 Billion. Cowen and Company reissued an "outperform" rating and set a $23.00 price target on shares of Timken Steel Corporation in a research report on Monday, June 26th.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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