AK Steel Holding Corp. (NYSE:AKS) – Research analysts at KeyCorp raised their FY2016 EPS estimates for shares of AK Steel Holding Corp. in a research report issued on Monday. KeyCorp analyst P. Gibbs now expects that the brokerage will post earnings per share of $0.42 for the year, up from their prior forecast of $0.40. KeyCorp has a “Underweight” rating and a $4.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Vetr raised shares of AK Steel Holding Corp. from a “hold” rating to a “strong-buy” rating and set a $5.78 target price on the stock in a report on Wednesday, August 24th. Zacks Investment Research cut shares of AK Steel Holding Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. TheStreet cut shares of AK Steel Holding Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Morgan Stanley reissued a “hold” rating on shares of AK Steel Holding Corp. in a report on Tuesday, August 16th. Finally, Bank of America Corp. restated a “sell” rating on shares of AK Steel Holding Corp. in a research report on Thursday, June 16th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $5.05.

AK Steel Holding Corp. (NYSE:AKS) opened at 4.72 on Wednesday. The company’s 50-day moving average price is $4.82 and its 200 day moving average price is $4.64. AK Steel Holding Corp. has a 12 month low of $1.64 and a 12 month high of $7.09. The company’s market capitalization is $1.12 billion.

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

A number of hedge funds have recently bought and sold shares of the company. HBK Investments L P increased its position in shares of AK Steel Holding Corp. by 167.1% in the first quarter. HBK Investments L P now owns 389,600 shares of the company’s stock valued at $1,609,000 after buying an additional 243,757 shares during the period. Geode Capital Management LLC increased its position in shares of AK Steel Holding Corp. by 12.1% in the first quarter. Geode Capital Management LLC now owns 1,183,372 shares of the company’s stock valued at $4,887,000 after buying an additional 127,785 shares during the period. State Street Corp increased its position in shares of AK Steel Holding Corp. by 2.0% in the first quarter. State Street Corp now owns 8,477,471 shares of the company’s stock valued at $35,010,000 after buying an additional 164,136 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of AK Steel Holding Corp. during the first quarter valued at approximately $2,152,000. Finally, Spark Investment Management LLC increased its position in shares of AK Steel Holding Corp. by 27.5% in the first quarter. Spark Investment Management LLC now owns 1,946,200 shares of the company’s stock valued at $8,037,000 after buying an additional 419,200 shares during the period. 68.71% of the stock is owned by institutional investors and hedge funds.

In other AK Steel Holding Corp. news, Director Vicente Wright sold 27,000 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $6.70, for a total value of $180,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.

About AK Steel Holding Corp.

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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