Shares of AK Steel Holding Corporation (NYSE:AKS) traded down 5.8% during trading on Friday . The company traded as low as $5.20 and last traded at $5.22. 28,200,645 shares traded hands during trading, an increase of 57% from the average session volume of 18,006,200 shares. The stock had previously closed at $5.54.

A number of analysts recently commented on the stock. Clarkson Capital raised shares of AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $9.00 price objective on shares of AK Steel Holding Corporation in a report on Wednesday, June 28th. Longbow Research downgraded shares of AK Steel Holding Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $6.20 to $6.24 in a report on Thursday, July 27th. KeyCorp reissued a “hold” rating on shares of AK Steel Holding Corporation in a report on Tuesday, September 19th. Finally, Macquarie assumed coverage on shares of AK Steel Holding Corporation in a report on Wednesday, September 6th. They set an “outperform” rating and a $7.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.46.

The firm has a market capitalization of $1.64 billion, a P/E ratio of 13.66 and a beta of 2.87. The stock has a 50-day moving average price of $5.49 and a 200 day moving average price of $6.27.

AK Steel Holding Corporation (NYSE:AKS) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.06. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $0.08 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts expect that AK Steel Holding Corporation will post $0.53 EPS for the current year.

Several large investors have recently bought and sold shares of AKS. Russell Investments Group Ltd. boosted its position in shares of AK Steel Holding Corporation by 78.2% during the 1st quarter. Russell Investments Group Ltd. now owns 130,991 shares of the basic materials company’s stock valued at $942,000 after purchasing an additional 57,482 shares in the last quarter. US Bancorp DE lifted its stake in AK Steel Holding Corporation by 3,628.0% during the first quarter. US Bancorp DE now owns 56,144 shares of the basic materials company’s stock valued at $404,000 after buying an additional 54,638 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in AK Steel Holding Corporation by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 4,191,130 shares of the basic materials company’s stock valued at $30,135,000 after buying an additional 202,447 shares in the last quarter. Comerica Bank lifted its stake in AK Steel Holding Corporation by 4.7% during the first quarter. Comerica Bank now owns 348,789 shares of the basic materials company’s stock valued at $2,250,000 after buying an additional 15,532 shares in the last quarter. Finally, Swiss National Bank lifted its stake in AK Steel Holding Corporation by 4.5% during the first quarter. Swiss National Bank now owns 515,900 shares of the basic materials company’s stock valued at $3,709,000 after buying an additional 22,000 shares in the last quarter. Institutional investors own 72.86% of the company’s stock.

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About AK Steel Holding Corporation

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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