BlackRock Inc. Has $392,000 Stake in AK Steel Holding Corporation (AKS)

BlackRock Inc. Has $392,000 Stake in AK Steel Holding Corporation (AKS)

BlackRock Inc. raised its position in shares of AK Steel Holding Corporation (NYSE:AKS) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,014 shares of the company’s stock after buying an additional 1,794 shares during the period. BlackRock Inc.’s holdings in AK Steel Holding Corporation were worth $392,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AKS. Victory Capital Management Inc. acquired a new stake in shares of AK Steel Holding Corporation during the third quarter worth approximately $19,565,000. Rothschild Asset Management Inc. acquired a new stake in shares of AK Steel Holding Corporation during the third quarter worth approximately $13,695,000. BlackRock Advisors LLC increased its stake in shares of AK Steel Holding Corporation by 564.5% in the third quarter. BlackRock Advisors LLC now owns 701,784 shares of the company’s stock worth $3,390,000 after buying an additional 596,171 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of AK Steel Holding Corporation by 47.0% in the second quarter. Teacher Retirement System of Texas now owns 31,744 shares of the company’s stock worth $148,000 after buying an additional 10,149 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of AK Steel Holding Corporation during the third quarter worth approximately $2,582,000. 59.99% of the stock is owned by institutional investors.

AK Steel Holding Corporation (NYSE:AKS) traded down 1.47% during midday trading on Friday, reaching $8.07. The company’s stock had a trading volume of 23,871,722 shares. AK Steel Holding Corporation has a one year low of $1.93 and a one year high of $11.39. The firm has a 50 day moving average price of $10.09 and a 200 day moving average price of $6.85. The firm’s market cap is $2.54 billion.

AK Steel Holding Corporation (NYSE:AKS) last posted its quarterly earnings data on Tuesday, January 24th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.09 by $0.16. The firm earned $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. AK Steel Holding Corporation had a negative return on equity of 47.34% and a negative net margin of 0.13%. AK Steel Holding Corporation’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. Equities research analysts forecast that AK Steel Holding Corporation will post $0.79 EPS for the current fiscal year.

AKS has been the subject of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $11.50 price target on shares of AK Steel Holding Corporation in a research report on Wednesday. Zacks Investment Research raised AK Steel Holding Corporation from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Wednesday, October 19th. Vetr downgraded AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating and set a $6.22 target price for the company. in a research report on Monday, November 7th. J P Morgan Chase & Co downgraded AK Steel Holding Corporation from an “overweight” rating to a “neutral” rating and set a $8.00 target price for the company. in a research report on Wednesday. Finally, Deutsche Bank AG reissued a “hold” rating on shares of AK Steel Holding Corporation in a research report on Monday, December 5th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.63.

AK Steel Holding Corporation Company Profile

AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.

Want to see what other hedge funds are holding AKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AK Steel Holding Corporation (NYSE:AKS).

Related posts

Leave a Comment