AK Steel Holding Co. (NYSE:AKS) CEO Roger K. Newport bought 10,000 shares of AK Steel stock in a transaction dated Wednesday, August 15th. The stock was purchased at an average cost of $4.03 per share, with a total value of $40,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 451,297 shares in the company, valued at approximately $1,818,726.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

AKS stock traded up $0.13 during trading on Friday, hitting $4.37. The company had a trading volume of 10,786,553 shares, compared to its average volume of 16,509,125. The stock has a market capitalization of $1.36 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.19 and a beta of 2.84. AK Steel Holding Co. has a 1-year low of $4.00 and a 1-year high of $6.80. The company has a quick ratio of 0.76, a current ratio of 2.01 and a debt-to-equity ratio of 5.49.

AK Steel (NYSE:AKS) last issued its quarterly earnings results on Monday, July 30th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. AK Steel had a negative net margin of 0.44% and a positive return on equity of 33.56%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. analysts expect that AK Steel Holding Co. will post 0.72 earnings per share for the current fiscal year.

Several analysts have recently weighed in on AKS shares. Goldman Sachs Group downgraded AK Steel from a “neutral” rating to a “sell” rating and set a $4.00 target price for the company. in a report on Tuesday, May 29th. Deutsche Bank downgraded AK Steel from a “buy” rating to a “hold” rating and reduced their target price for the company from $6.00 to $5.00 in a report on Monday, July 9th. ValuEngine raised AK Steel from a “strong sell” rating to a “sell” rating in a report on Monday, July 30th. Bank of America reduced their target price on AK Steel from $5.50 to $5.00 and set a “sell” rating for the company in a report on Tuesday, May 1st. Finally, Zacks Investment Research raised AK Steel from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Tuesday, July 17th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. AK Steel has a consensus rating of “Hold” and a consensus target price of $5.47.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in AK Steel by 5.8% in the 2nd quarter. BlackRock Inc. now owns 45,024,836 shares of the basic materials company’s stock valued at $195,407,000 after acquiring an additional 2,453,702 shares during the period. Dimensional Fund Advisors LP increased its position in AK Steel by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,357,323 shares of the basic materials company’s stock valued at $31,931,000 after acquiring an additional 460,313 shares during the period. JPMorgan Chase & Co. increased its position in AK Steel by 16.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,789,705 shares of the basic materials company’s stock valued at $21,698,000 after acquiring an additional 691,938 shares during the period. Northern Trust Corp increased its position in AK Steel by 1.3% in the 1st quarter. Northern Trust Corp now owns 3,838,730 shares of the basic materials company’s stock valued at $17,390,000 after acquiring an additional 50,343 shares during the period. Finally, Merriman Wealth Management LLC increased its position in AK Steel by 3.7% in the 2nd quarter. Merriman Wealth Management LLC now owns 3,536,800 shares of the basic materials company’s stock valued at $15,350,000 after acquiring an additional 126,000 shares during the period. Hedge funds and other institutional investors own 61.93% of the company’s stock.

AK Steel Company Profile

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.

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