AK Steel Holding Co. (AKS) Stake Reduced by Tudor Investment Corp Et Al

Tudor Investment Corp Et Al cut its stake in AK Steel Holding Co. (NYSE:AKS) by 63.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,400 shares of the company’s stock after selling 50,324 shares during the period. Tudor Investment Corp Et Al’s holdings in AK Steel Holding were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AKS. Royal Bank of Canada increased its position in AK Steel Holding by 251.8% in the second quarter. Royal Bank of Canada now owns 100,681 shares of the company’s stock valued at $469,000 after buying an additional 166,984 shares in the last quarter. Capstone Asset Management Co. increased its position in AK Steel Holding by 1.7% in the third quarter. Capstone Asset Management Co. now owns 58,938 shares of the company’s stock valued at $285,000 after buying an additional 1,010 shares in the last quarter. Boston Advisors LLC bought a new position in AK Steel Holding during the third quarter valued at approximately $2,808,000. Great West Life Assurance Co. Can increased its position in AK Steel Holding by 5.4% in the third quarter. Great West Life Assurance Co. Can now owns 330,167 shares of the company’s stock valued at $1,595,000 after buying an additional 16,927 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in AK Steel Holding during the third quarter valued at approximately $2,582,000. 62.21% of the stock is currently owned by institutional investors.

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

Shares of AK Steel Holding Co. (NYSE:AKS) opened at 8.27 on Tuesday. The company’s market capitalization is $2.60 billion. AK Steel Holding Co. has a 12-month low of $3.31 and a 12-month high of $11.39. The stock has a 50 day moving average of $8.25 and a 200-day moving average of $7.54.

AK Steel Holding (NYSE:AKS) last issued its quarterly earnings results on Tuesday, January 24th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.16. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. AK Steel Holding had a negative net margin of 0.13% and a negative return on equity of 47.34%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. Analysts predict that AK Steel Holding Co. will post $0.72 earnings per share for the current fiscal year.

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Several research analysts recently commented on AKS shares. Vetr downgraded shares of AK Steel Holding from a “sell” rating to a “strong sell” rating and set a $7.45 price target on the stock. in a research note on Tuesday, November 22nd. Macquarie downgraded shares of AK Steel Holding from an “outperform” rating to a “neutral” rating and cut their target price for the company from $9.10 to $9.00 in a research report on Tuesday, November 29th. JPMorgan Chase & Co. raised their target price on shares of AK Steel Holding from $8.50 to $11.00 and gave the company an “overweight” rating in a research report on Wednesday, November 30th. Deutsche Bank AG reissued a “hold” rating on shares of AK Steel Holding in a research report on Monday, December 5th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $13.00 target price (up previously from $7.50) on shares of AK Steel Holding in a research report on Tuesday, December 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. AK Steel Holding presently has an average rating of “Hold” and an average price target of $8.21.

AK Steel Holding Company 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.

5 Day Chart for NYSE:AKS

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