DUPONT CAPITAL MANAGEMENT Corp Has $224,000 Stake in AK Steel Holding Co. (AKS)

DUPONT CAPITAL MANAGEMENT Corp maintained its stake in AK Steel Holding Co. (NYSE:AKS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,142 shares of the basic materials company’s stock at the end of the first quarter. DUPONT CAPITAL MANAGEMENT Corp’s holdings in AK Steel Holding were worth $224,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan increased its stake in AK Steel Holding by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 52,990 shares of the basic materials company’s stock valued at $256,000 after buying an additional 820 shares during the period. State of Alaska Department of Revenue increased its stake in AK Steel Holding by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 34,900 shares of the basic materials company’s stock valued at $250,000 after buying an additional 930 shares during the period. BlackRock Inc. increased its position in shares of AK Steel Holding by 2.3% in the third quarter. BlackRock Inc. now owns 81,014 shares of the basic materials company’s stock worth $392,000 after buying an additional 1,794 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of AK Steel Holding by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 128,200 shares of the basic materials company’s stock worth $922,000 after buying an additional 2,400 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its position in shares of AK Steel Holding by 14.6% in the first quarter. Glen Harbor Capital Management LLC now owns 19,448 shares of the basic materials company’s stock worth $140,000 after buying an additional 2,482 shares during the last quarter. Hedge funds and other institutional investors own 62.21% of the company’s stock.

Institutional Ownership by Quarter for AK Steel Holding (NYSE:AKS)

AK Steel Holding Co. (NYSE:AKS) opened at 5.55 on Friday. The stock has a 50 day moving average of $6.35 and a 200-day moving average of $8.13. The stock has a market cap of $1.75 billion, a P/E ratio of 21.51 and a beta of 2.60. AK Steel Holding Co. has a one year low of $3.40 and a one year high of $11.39. AK Steel Holding also was the target of some unusual options trading activity on Friday. Stock investors acquired 3,160 call options on the company. This represents an increase of 228% compared to the average volume of 962 call options.

AK Steel Holding (NYSE:AKS) last issued its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. AK Steel Holding had a negative net margin of 0.13% and a negative return on equity of 47.34%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business earned ($0.08) earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. Analysts anticipate that AK Steel Holding Co. will post $0.66 EPS for the current year.

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A number of equities analysts have commented on the stock. Longbow Research assumed coverage on shares of AK Steel Holding in a research report on Friday. They set a “neutral” rating for the company. Barclays PLC cut their price objective on shares of AK Steel Holding from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, May 4th. JPMorgan Chase & Co. restated a “neutral” rating and set a $9.00 price objective (up previously from $8.00) on shares of AK Steel Holding in a research report on Wednesday, March 22nd. Jefferies Group LLC upped their price objective on shares of AK Steel Holding from $9.00 to $11.50 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Finally, Cowen and Company cut their price objective on shares of AK Steel Holding from $9.00 to $7.00 and set a “market perform” rating for the company in a research report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $8.05.

AK Steel Holding Company Profile

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). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations 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.

12 Month Chart for NYSE:AKS

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