Edge Wealth Management LLC acquired a new stake in AK Steel Holding Co. (NYSE:AKS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the basic materials company’s stock, valued at approximately $284,000.

A number of other large investors have also recently modified their holdings of AKS. Archford Capital Strategies LLC grew its position in shares of AK Steel by 12,352.2% during 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 grew its position in shares of AK Steel by 74.4% during 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. Crow Point Partners LLC acquired a new stake in shares of AK Steel during the fourth quarter worth approximately $110,000. MML Investors Services LLC acquired a new stake in shares of AK Steel during the second quarter worth approximately $141,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of AK Steel by 0.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company’s stock worth $144,000 after buying an additional 193 shares in the last quarter. 65.25% of the stock is owned by institutional investors.

AKS has been the subject of a number of recent analyst reports. Longbow Research raised shares of AK Steel from a “neutral” rating to a “buy” rating and raised their price target for the stock from $5.53 to $7.00 in a research report on Wednesday, December 20th. JPMorgan Chase & Co. raised shares of AK Steel from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $6.00 to $7.00 in a research report on Thursday, December 7th. Jefferies Group reissued a “buy” rating on shares of AK Steel in a research report on Friday, November 10th. Credit Suisse Group raised shares of AK Steel from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $6.00 to $7.00 in a research report on Tuesday, November 21st. Finally, TheStreet downgraded shares of AK Steel from a “c” rating to a “d+” rating in a research report on Tuesday, October 31st. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $7.54.

AK Steel Holding Co. (NYSE:AKS) opened at $6.65 on Thursday. AK Steel Holding Co. has a one year low of $4.00 and a one year high of $10.26. The stock has a market capitalization of $2,090.00, a price-to-earnings ratio of 44.33, a P/E/G ratio of 1.53 and a beta of 2.90. The company has a debt-to-equity ratio of 11.89, a quick ratio of 0.75 and a current ratio of 1.92.

AK Steel (NYSE:AKS) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). AK Steel had a return on equity of 140.37% and a net margin of 0.92%. analysts predict that AK Steel Holding Co. will post 0.26 EPS for the current fiscal year.

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About AK Steel

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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