Parkwood LLC bought a new position in AK Steel Holding Corporation (NYSE:AKS) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 24,943 shares of the basic materials company’s stock, valued at approximately $164,000.

A number of other hedge funds have also bought and sold shares of AKS. Boston Advisors LLC increased its stake in AK Steel Holding Corporation by 11.6% in the second quarter. Boston Advisors LLC now owns 598,670 shares of the basic materials company’s stock worth $3,933,000 after buying an additional 62,070 shares during the period. Cornerstone Financial Partners LLC acquired a new stake in AK Steel Holding Corporation during the second quarter worth about $154,000. US Bancorp DE increased its stake in AK Steel Holding Corporation by 4.9% in the second quarter. US Bancorp DE now owns 58,907 shares of the basic materials company’s stock worth $387,000 after buying an additional 2,763 shares during the period. Peregrine Capital Management LLC increased its stake in AK Steel Holding Corporation by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 567,301 shares of the basic materials company’s stock worth $3,727,000 after buying an additional 11,353 shares during the period. Finally, Aperio Group LLC increased its stake in AK Steel Holding Corporation by 19.1% in the second quarter. Aperio Group LLC now owns 106,889 shares of the basic materials company’s stock worth $702,000 after buying an additional 17,165 shares during the period. 77.55% of the stock is owned by hedge funds and other institutional investors.

Shares of AK Steel Holding Corporation (NYSE:AKS) traded up 1.87% on Friday, hitting $5.46. The stock had a trading volume of 13,004,573 shares. AK Steel Holding Corporation has a 52 week low of $3.87 and a 52 week high of $11.39. The firm has a 50 day moving average price of $6.27 and a 200-day moving average price of $7.01. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 14.29 and a beta of 2.86.

AK Steel Holding Corporation (NYSE:AKS) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Analysts anticipate that AK Steel Holding Corporation will post $0.49 EPS for the current year.

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Several analysts have issued reports on the stock. Barclays PLC reaffirmed an “equal weight” rating and issued a $7.00 price objective (down previously from $8.00) on shares of AK Steel Holding Corporation in a research report on Thursday. Clarkson Capital raised shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 26th. BMO Capital Markets set a $7.00 price objective on shares of AK Steel Holding Corporation and gave the company a “hold” rating in a research report on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating on shares of AK Steel Holding Corporation in a research report on Thursday, July 27th. Finally, Longbow Research downgraded shares of AK Steel Holding Corporation from a “buy” rating to a “neutral” rating and increased their price objective for the company from $6.20 to $6.24 in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $8.06.

About AK Steel Holding Corporation

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.

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Institutional Ownership by Quarter for AK Steel Holding Corporation (NYSE:AKS)

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