AK Steel Holding Corporation (AKS) : D.c. Capital Advisors Ltd added new position in AK Steel Holding Corporation during the most recent quarter end. The investment management firm now holds 1,000,000 shares of AK Steel Holding Corporation which is valued at $5,030,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.AK Steel Holding Corporation makes up approximately 2.84% of D.c. Capital Advisors Ltd’s portfolio.
Other Hedge Funds, Including , Cable Hill Partners sold out all of its stake in AKS during the most recent quarter. The investment firm sold 3,000 shares of AKS which is valued $15,090. Hrt Financial added AKS to its portfolio by purchasing 35,906 company shares during the most recent quarter which is valued at $180,607. AK Steel Holding Corporation makes up approx 0.10% of Hrt Financial’s portfolio.Ameritas Investment Partners boosted its stake in AKS in the latest quarter, The investment management firm added 4,400 additional shares and now holds a total of 18,122 shares of AK Steel Holding Corporation which is valued at $91,154. AK Steel Holding Corporation makes up approx 0.01% of Ameritas Investment Partners’s portfolio. Glenmede Trust Co Na sold out all of its stake in AKS during the most recent quarter. The investment firm sold 860 shares of AKS which is valued $5,298.Capstone Asset Management Co boosted its stake in AKS in the latest quarter, The investment management firm added 14,270 additional shares and now holds a total of 57,928 shares of AK Steel Holding Corporation which is valued at $307,018. AK Steel Holding Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio.
AK Steel Holding Corporation opened for trading at $4.57 and hit $4.75 on the upside on Monday, eventually ending the session at $4.69, with a gain of 2.40% or 0.11 points. The heightened volatility saw the trading volume jump to 72,97,864 shares. Company has a market cap of $1,117 M.
On the company’s financial health, AK Steel Holding Corporation reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.00. The company had revenue of $1492.20 million for the quarter, compared to analysts expectations of $1535.67 million. The company’s revenue was down -11.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.36 EPS.
Many Wall Street Analysts have commented on AK Steel Holding Corporation. Citigroup Initiated AK Steel Holding Corporation on Aug 22, 2016 to “Neutral”, Price Target of the shares are set at $5.40.Rosenblatt Initiated AK Steel Holding Corporation on Aug 22, 2016 to “Buy”, Price Target of the shares are set at $6.AK Steel Holding Corporation was Downgraded by KeyBanc Capital Mkts to ” Underweight” on Aug 19, 2016.
AK Steel Holding Corporation (AK Holding) is an integrated producer of flat-rolled carbon stainless and electrical steels and tubular products through its wholly-owned subsidiary AK Steel Corporation (AK Steel and together with AK Holding the Company). The operations of the Company and its wholly owned subsidiaries consist primarily of eight steelmaking and finishing plants two coke plants and two tube manufacturing plants across six states which include Indiana Kentucky Michigan Ohio Pennsylvania and West Virginia. These operations produce flat-rolled carbon steels including coated cold-rolled and hot-rolled carbon steel products and specialty stainless and electrical steels that are sold in sheet and strip form as well as carbon and stainless steel that is finished into welded steel tubing. These products are sold to the automotive infrastructure and manufacturing and distributors and converters markets.