NY Has $1.53 Million Position in AK Steel Holding Corporation (NYSE:AKS)

Frederick Owens
August 10, 2017

While the company's share hit the 52 week high on 09/29/16 stationing the value of $10.45.

At the end of Mar reporting period, 149 institutional holders increased their position in AK Steel Holding Corporation (NYSE:AKS) by some 42,031,717 shares, 124 decreased positions by 50,625,377 and 33 held positions by 155,145,076.

Other equities research analysts have also issued research reports about the company. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/10/ak-steel-holding-corporation-aks-raised-to-hold-at-zacks-investment-research-updated-updated.html. Dimensional Fund Advisors LP now owns 2,316,922 shares of the basic materials company's stock worth $35,867,000 after buying an additional 502,885 shares during the period. Emerald Advisers Inc. PA bought a new position in shares of Timken Steel Corporation during the first quarter valued at $14,882,000. The company's revenue for the quarter was up 4.4% compared to the same quarter past year. Meanwhile, due to an ongoing pressure which caused a decline of nearly -8.48% in the past five days, the stock price is now down -52.13% so far on the year - still in weak territory. Emerald Mutual Fund Advisers Trust purchased a new position in Timken Steel Corporation during the first quarter worth about $11,763,000. Principal Financial Group Inc. now owns 295,786 shares of the basic materials company's stock worth $5,593,000 after buying an additional 10,398 shares during the last quarter. The institutional investor held 1.35M shares of the steel and iron ore company at the end of 2016Q4, valued at $13.73 million, down from 1.79 million at the end of the previous reported quarter.

WARNING: "AK Steel Holding Corporation's (AKS) "Buy" Rating Reaffirmed at Jefferies Group LLC" was originally posted by Markets Daily and is owned by of Markets Daily. Marketfield Asset Management Llc who had been investing in Ak Stl Hldg Corp for a number of months, seems to be less bullish one the $1.69B market cap company. The firm has a 50 day moving average price of $6.27 and a 200-day moving average price of $7.01.

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Among 18 analysts covering AK Steel Holding Corporation (NYSE:AKS), 6 have Buy rating, 1 Sell and 11 Hold. However a year ago for the same quarter the company has reported $0.21 EPS.

HL is now undervalued by -22.93% relative to the average 1-year price target of $6.28 taken from a group of Wall Street Analysts. New Jersey-based Kcg has invested 0.04% in AK Steel Holding Corporation (NYSE:AKS). These ratios are important while doing valuation of the company or the shares of the company. The consensus recommendation for stock is 2.50. If you are reading this report on another site, it was stolen and republished in violation of USA & worldwide trademark & copyright law. AK Steel Holding Corporation had 57 analyst reports since July 29, 2015 according to SRatingsIntel. Clarkson Capital upgraded AK Steel Holding Corporation from a neutral rating to a buy rating and set a $8.00 price objective for the company in a research note on Thursday, May 25th. Longbow Research downgraded shares of AK Steel Holding Corporation from a "buy" rating to a "neutral" rating and boosted their target price for the company from $6.20 to $6.24 in a research note on Thursday, July 27th. During its last trading session, Stock traded with the total exchanged volume of 9.2 million shares. JP Morgan upgraded AK Steel Holding Corporation (NYSE:AKS) on Thursday, July 30 to "Overweight" rating. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Equity analyst Cowen & Company lowered the price target and downgraded the stock on September 14 cutting the price target from $28.00 to $12.00 and moving the rating from "Outperform" to "Market Perform". These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing.

Other equities analysts have also issued reports about the company. As of December 31, 2016, its activities included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.

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