Shelton Capital Management cut its stake in shares of AK Steel Holding Co. (NYSE:AKS) by 99.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87 shares of the basic materials company’s stock after selling 31,552 shares during the quarter. Shelton Capital Management’s holdings in AK Steel were worth $32,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of AK Steel by 54.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 12,737 shares of the basic materials company’s stock valued at $35,000 after buying an additional 4,500 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of AK Steel by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 225,353 shares of the basic materials company’s stock valued at $507,000 after buying an additional 4,956 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its stake in shares of AK Steel by 7.1% in the first quarter. Piedmont Investment Advisors Inc. now owns 80,425 shares of the basic materials company’s stock valued at $221,000 after buying an additional 5,346 shares in the last quarter. Shoker Investment Counsel Inc. lifted its stake in shares of AK Steel by 42.6% in the fourth quarter. Shoker Investment Counsel Inc. now owns 25,360 shares of the basic materials company’s stock valued at $57,000 after buying an additional 7,580 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of AK Steel by 2.5% in the first quarter. Comerica Bank now owns 312,650 shares of the basic materials company’s stock valued at $866,000 after buying an additional 7,716 shares in the last quarter. 60.81% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on AKS. Bank of America reaffirmed an “underperform” rating and issued a $2.00 price objective on shares of AK Steel in a research note on Friday. Credit Suisse Group lowered shares of AK Steel from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $3.50 to $2.05 in a research note on Thursday, May 23rd. Zacks Investment Research raised shares of AK Steel from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a research note on Tuesday, February 12th. TheStreet raised shares of AK Steel from a “d+” rating to a “c-” rating in a research note on Thursday, February 21st. Finally, Deutsche Bank dropped their price objective on shares of AK Steel to $2.50 and set a “hold” rating on the stock in a research note on Tuesday, February 5th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. AK Steel presently has a consensus rating of “Hold” and an average target price of $2.87.

Shares of AKS stock opened at $1.72 on Friday. The stock has a market capitalization of $550.44 million, a PE ratio of 2.12, a PEG ratio of 0.81 and a beta of 2.73. The company has a debt-to-equity ratio of 5.25, a current ratio of 2.05 and a quick ratio of 0.78. AK Steel Holding Co. has a one year low of $1.66 and a one year high of $5.40.

AK Steel (NYSE:AKS) last announced its earnings results on Monday, April 29th. The basic materials company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.10. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.75 billion. AK Steel had a net margin of 2.23% and a return on equity of 61.44%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, equities research analysts anticipate that AK Steel Holding Co. will post 0.42 earnings per share for the current fiscal year.

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About AK Steel

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, and stainless and electrical steel 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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Institutional Ownership by Quarter for AK Steel (NYSE:AKS)

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