AK Steel Holding Corporation (AKS) Lifted to Hold at Zacks Investment Research
- Grant Boone
The correct version of this piece can be accessed at https://transcriptdaily.com/2017/08/11/skylands-capital-llc-invests-684000-in-united-states-steel-corporation-x-updated-updated.html. The Firm also operates blast furnaces and electric arc furnaces. Vanguard Group Inc. increased its stake in shares of United States Steel Corporation by 10.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 60,446 shares of the basic materials company's stock valued at $2,044,000 after buying an additional 2,615 shares during the period.
As of quarter end Goldman Sachs Group Inc had acquired a total of 5,269,717 shares growing its position 29,203.2%. Nikko Asset Management Americas Inc. now owns 207,100 shares of the basic materials company's stock valued at $7,002,000 after buying an additional 55,300 shares during the period. Hodges Capital Management Inc. now owns 1,588,774 shares of the basic materials company's stock valued at $35,175,000 after buying an additional 978,199 shares during the period. Finally, Regal Investment Advisors LLC boosted its stake in shares of United States Steel Corporation by 29.2% in the second quarter. Morgan Stanley now owns 3,090,213 shares of the basic materials company's stock worth $104,480,000 after buying an additional 512,075 shares during the last quarter.
AK Steel Holding Corporation, launched on December 20, 1993, is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel).
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Spot gold inched down 0.1 percent to $1,284.64 per ounce as of 0616 GMT, but was set for a weekly gain of over 2 percent. The kiwi later retraced some gains and last stood at $0.7350, staying above Wednesday's three-week low of $0.7309.
Shares are trading at $5.33 quite a bit below the 50 day moving average which is $6.11 and quite a bit lower than the 200 day moving average of $6.86. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. The firm has a market capitalization of $4.17 billion, a PE ratio of 150.89 and a beta of 2.88.
AK Steel Holding Corporation (NYSE:AKS) last posted its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.66. Alliancebernstein L P has 0% invested in AK Steel Holding Corporation (NYSE:AKS). The business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same period in the previous year, the company earned ($0.32) earnings per share. The same analysts are predicting that the company shares will trade to $27.50 within the next 12-18 months. According to WSJ one month ago research, the Company remained on "Buy" beliefs from 5. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, August 7th.
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A number of other equities research analysts have also recently issued reports on X. Bank of America Corporation lowered United States Steel Corporation from a "buy" rating to a "neutral" rating in a report on Wednesday, April 26th.
AK Steel Holding Corporation (AKS) reported sales (ttm) of 5.96 Billion, whereas, 7 number of analysts estimated the mean sale of 1520.2 million. The stock of AK Steel Holding Corporation (NYSE:AKS) has "Neutral" rating given on Wednesday, January 25 by JP Morgan. Cowen and Company increased their target price on United States Steel Corporation from $21.00 to $24.00 and gave the stock a "market perform" rating in a report on Thursday, July 27th. Longbow Research initiated coverage on shares of AK Steel Holding Corporation in a research report on Friday, May 19th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of "Hold" and a consensus target price of $8.06. Insiders purchased 14,000 shares of company stock valued at $278,415 over the last 90 days. The shares were bought at an average cost of $19.31 per share, for a total transaction of $28,965.00. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The company holds 314.30 million outstanding shares and 311.22 million shares are floating in market. The disclosure for this purchase can be found here.
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