Truepoint Inc. grew its holdings in AK Steel Holding Co. (NYSE:AKS) by 538.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,600 shares of the basic materials company’s stock after acquiring an additional 188,600 shares during the period. Truepoint Inc. owned about 0.07% of AK Steel worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Archford Capital Strategies LLC lifted its position in shares of AK Steel by 12,352.2% in the second quarter. Archford Capital Strategies LLC now owns 14,320 shares of the basic materials company’s stock worth $1,909,000 after buying an additional 14,205 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of AK Steel by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock worth $116,000 after buying an additional 7,516 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of AK Steel by 35.0% in the second quarter. Alps Advisors Inc. now owns 17,639 shares of the basic materials company’s stock worth $116,000 after buying an additional 4,573 shares in the last quarter. World Asset Management Inc lifted its position in shares of AK Steel by 2.5% in the second quarter. World Asset Management Inc now owns 20,471 shares of the basic materials company’s stock worth $134,000 after buying an additional 502 shares in the last quarter. Finally, MML Investors Services LLC purchased a new stake in shares of AK Steel in the second quarter worth about $141,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Shares of AK Steel Holding Co. (AKS) opened at $5.38 on Thursday. AK Steel Holding Co. has a 52-week low of $4.00 and a 52-week high of $11.28. The company has a debt-to-equity ratio of 11.89, a quick ratio of 0.75 and a current ratio of 1.92. The stock has a market capitalization of $1,678.30, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 4.29 and a beta of 2.89.

A number of research firms recently commented on AKS. J P Morgan Chase & Co upgraded AK Steel from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $6.00 to $7.00 in a research report on Thursday, December 7th. Zacks Investment Research upgraded AK Steel from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. upgraded AK Steel from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 21st. Credit Suisse Group upgraded AK Steel from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $6.00 to $7.00 in a research report on Tuesday, November 21st. Finally, Jefferies Group reiterated a “buy” rating on shares of AK Steel in a research report on Friday, November 10th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. AK Steel currently has a consensus rating of “Buy” and an average price target of $7.46.

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AK Steel Profile

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 (NYSE:AKS)

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