The stock of AK Steel Holding Corporation (NYSE:AKS) is a huge mover today! About 23.47M shares traded hands. AK Steel Holding Corporation (NYSE:AKS) has risen 61.90% since April 20, 2016 and is uptrending. It has outperformed by 57.34% the S&P500.
The move comes after 7 months positive chart setup for the $2.80B company. It was reported on Nov, 22 by Barchart.com. We have $9.39 PT which if reached, will make NYSE:AKS worth $168.00M more.
AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage
Out of 15 analysts covering AK Steel Holding Corporation (NYSE:AKS), 7 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 47% are positive. AK Steel Holding Corporation has been the topic of 35 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, September 19 by KeyBanc Capital Markets. The company was maintained on Monday, October 5 by Barclays Capital. The firm has “Hold” rating given on Wednesday, July 27 by Jefferies. Credit Suisse maintained it with “Underperform” rating and $3.50 target price in Wednesday, March 23 report. The rating was downgraded by Deutsche Bank on Monday, October 5 to “Hold”. As per Tuesday, January 12, the company rating was maintained by Barclays Capital. On Wednesday, July 29 the stock rating was upgraded by Macquarie Research to “Outperform”. The company was maintained on Wednesday, October 26 by Cowen & Co. Macquarie Research maintained AK Steel Holding Corporation (NYSE:AKS) rating on Wednesday, April 27. Macquarie Research has “Outperform” rating and $5.50 price target. As per Thursday, September 10, the company rating was initiated by BB&T Capital.
According to Zacks Investment Research, “AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. AK Steel maintains a relentless pursuit of improvement in every critical performance measure. The result is a track record without equal.”
Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 2.16, from 3.34 in 2016Q1. The ratio worsened, as 16 funds sold all AK Steel Holding Corporation shares owned while 25 reduced positions. 45 funds bought stakes while 92 increased positions. They now own 302.64 million shares or 221.86% more from 94.03 million shares in 2016Q1.
Ladenburg Thalmann Fincl Svcs has 114,433 shares for 0.01% of their US portfolio. Private Bankshares Tru has 0.02% invested in the company for 25,000 shares. Qcm Cayman Ltd holds 0.12% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 57,678 shares. Walleye Trading Limited Liability Company has 126,776 shares for 0% of their US portfolio. Teachers reported 381,152 shares or 0% of all its holdings. Rhumbline Advisers accumulated 337,656 shares or 0% of the stock. Aqr Limited Liability Com owns 462,826 shares or 0% of their US portfolio. Moreover, Pomelo Ltd Liability Com has 0.04% invested in AK Steel Holding Corporation (NYSE:AKS) for 180,000 shares. Sg Americas Securities Limited Liability Company holds 35,115 shares or 0% of its portfolio. Raymond James Serv Advisors Inc last reported 0% of its portfolio in the stock. Wolverine Asset Lc has 0.05% invested in the company for 649,243 shares. Credit Suisse Ag holds 0% or 955,730 shares in its portfolio. Systematic Financial Management L P holds 0.06% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 965,175 shares. The Illinois-based Balyasny Asset Management Ltd Liability has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Carlson Capital L P holds 0.02% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 425,000 shares.
Insider Transactions: Since July 28, 2016, the stock had 0 buys, and 1 sale for $180,900 net activity. Shares for $180,900 were sold by WRIGHT VICENTE on Thursday, July 28.
More news for AK Steel Holding Corporation (NYSE:AKS) were recently published by: Investorplace.com, which released: “Fight Deflation With United States Steel Corporation (X), AK Steel Holding …” on November 14, 2016. Reuters.com‘s article titled: “BRIEF-AK Steel Holding Corp Q3 earnings per share $0.21” and published on October 25, 2016 is yet another important article.
AKS Company Profile
AK Steel Holding Corporation, incorporated on December 20, 1993, is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Firm 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. These activities 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. The Firm also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials.
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