Thrivent Financial For Lutherans increased its holdings in shares of AK Steel Holding Corporation (NYSE:AKS) by 4.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 189,440 shares of the basic materials company’s stock after purchasing an additional 8,330 shares during the quarter. Thrivent Financial For Lutherans owned 0.06% of AK Steel Holding Corporation worth $1,245,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp acquired a new stake in AK Steel Holding Corporation during the 1st quarter worth approximately $110,000. Riverhead Capital Management LLC boosted its holdings in AK Steel Holding Corporation by 74.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 7,516 shares during the period. Alps Advisors Inc. boosted its holdings in AK Steel Holding Corporation by 35.0% in the 2nd quarter. Alps Advisors Inc. now owns 17,639 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 4,573 shares during the period. Piedmont Investment Advisors LLC purchased a new position in AK Steel Holding Corporation in the 1st quarter worth approximately $135,000. Finally, World Asset Management Inc boosted its holdings in AK Steel Holding Corporation by 1.4% in the 1st quarter. World Asset Management Inc now owns 19,969 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 283 shares during the period. 73.06% of the stock is owned by hedge funds and other institutional investors.

AK Steel Holding Corporation (NYSE:AKS) opened at 5.77 on Thursday. The company has a 50 day moving average price of $5.55 and a 200-day moving average price of $6.09. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 15.10 and a beta of 2.91. AK Steel Holding Corporation has a 52-week low of $4.42 and a 52-week high of $11.39.

AK Steel Holding Corporation (NYSE:AKS) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. Equities research analysts anticipate that AK Steel Holding Corporation will post $0.52 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “AK Steel Holding Corporation (AKS) Shares Bought by Thrivent Financial For Lutherans” was first published by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/ak-steel-holding-corporation-aks-shares-bought-by-thrivent-financial-for-lutherans/1609455.html.

Several equities analysts have recently commented on AKS shares. Deutsche Bank AG reiterated a “buy” rating and set a $10.00 target price on shares of AK Steel Holding Corporation in a research note on Thursday, July 6th. ValuEngine upgraded AK Steel Holding Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. BMO Capital Markets set a $7.00 price objective on AK Steel Holding Corporation and gave the stock a “hold” rating in a research note on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating on shares of AK Steel Holding Corporation in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered AK Steel Holding Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $8.28.

AK Steel Holding Corporation 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.

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

Receive News & Ratings for AK Steel Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AK Steel Holding Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.