AK Steel Holding Corp. (NYSE:AKS) – Research analysts at KeyCorp decreased their FY2017 earnings estimates for AK Steel Holding Corp. in a note issued to investors on Monday. KeyCorp analyst P. Gibbs now forecasts that the brokerage will post earnings of $0.54 per share for the year, down from their prior estimate of $0.62. KeyCorp has a “Underweight” rating and a $4.00 price objective on the stock.

A number of other equities analysts also recently weighed in on the stock. Jefferies Group lowered their target price on shares of AK Steel Holding Corp. from $5.50 to $4.50 and set a “hold” rating for the company in a research note on Thursday, September 15th. TheStreet downgraded shares of AK Steel Holding Corp. from a “hold” rating to a “sell” rating in a research note on Monday, August 29th. Vetr raised shares of AK Steel Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $5.78 target price for the company in a research note on Wednesday, August 24th. Rosenblatt Securities began coverage on shares of AK Steel Holding Corp. in a research note on Monday, August 22nd. They set a “buy” rating and a $6.00 target price for the company. Finally, Citigroup Inc. began coverage on shares of AK Steel Holding Corp. in a research note on Monday, August 22nd. They set a “neutral” rating and a $5.40 target price for the company. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. AK Steel Holding Corp. has a consensus rating of “Hold” and a consensus price target of $5.05.

Shares of AK Steel Holding Corp. (NYSE:AKS) traded up 2.521% during midday trading on Tuesday, hitting $4.839. 8,447,923 shares of the stock were exchanged. AK Steel Holding Corp. has a 1-year low of $1.64 and a 1-year high of $7.09. The stock’s market capitalization is $1.15 billion. The firm’s 50 day moving average is $4.82 and its 200-day moving average is $4.64.

AK Steel Holding Corp. (NYSE:AKS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.10. AK Steel Holding Corp. had a negative net margin of 2.18% and a negative return on equity of 12.89%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm posted ($0.36) EPS. The company’s revenue for the quarter was down 11.7% on a year-over-year basis.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY raised its position in AK Steel Holding Corp. by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 126,310 shares of the company’s stock worth $522,000 after buying an additional 530 shares during the last quarter. Sterling Capital Management LLC raised its position in AK Steel Holding Corp. by 0.7% in the second quarter. Sterling Capital Management LLC now owns 160,671 shares of the company’s stock worth $749,000 after buying an additional 1,073 shares during the last quarter. Raymond James & Associates raised its position in AK Steel Holding Corp. by 4.7% in the second quarter. Raymond James & Associates now owns 30,628 shares of the company’s stock worth $143,000 after buying an additional 1,386 shares during the last quarter. American International Group Inc. raised its position in AK Steel Holding Corp. by 2.7% in the second quarter. American International Group Inc. now owns 176,707 shares of the company’s stock worth $823,000 after buying an additional 4,716 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in AK Steel Holding Corp. by 18.6% in the second quarter. SG Americas Securities LLC now owns 35,115 shares of the company’s stock worth $164,000 after buying an additional 5,510 shares during the last quarter. 68.71% of the stock is currently owned by institutional investors.

In related news, Director Vicente Wright sold 27,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $6.70, for a total transaction of $180,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

AK Steel Holding Corp. 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.

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