AK Steel Holding Corporation (NYSE:AKS) was downgraded by analysts at Clarkson Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday.

A number of other research firms have also recently weighed in on AKS. Longbow Research restated a “neutral” rating on shares of AK Steel Holding Corporation in a research report on Tuesday, October 3rd. Cowen and Company restated a “hold” rating and set a $6.00 price objective on shares of AK Steel Holding Corporation in a research report on Tuesday, October 24th. Jefferies Group LLC restated a “buy” rating on shares of AK Steel Holding Corporation in a research report on Thursday, July 27th. BMO Capital Markets restated a “hold” rating and set a $7.00 price objective on shares of AK Steel Holding Corporation in a research report on Thursday, October 5th. Finally, Zacks Investment Research cut shares of AK Steel Holding Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Eleven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. AK Steel Holding Corporation has an average rating of “Hold” and a consensus price target of $7.71.

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A number of hedge funds have recently made changes to their positions in AKS. Stifel Financial Corp purchased a new position in AK Steel Holding Corporation during the first quarter worth about $110,000. Vanguard Group Inc. boosted its stake in AK Steel Holding Corporation by 6.6% during the first quarter. Vanguard Group Inc. now owns 37,074,630 shares of the basic materials company’s stock worth $266,566,000 after buying an additional 2,308,220 shares during the period. Dimensional Fund Advisors LP boosted its stake in AK Steel Holding Corporation by 82.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,389,630 shares of the basic materials company’s stock worth $38,751,000 after buying an additional 2,436,564 shares during the period. BlackRock Inc. boosted its stake in AK Steel Holding Corporation by 52,055.2% during the first quarter. BlackRock Inc. now owns 39,293,178 shares of the basic materials company’s stock worth $282,518,000 after buying an additional 39,217,839 shares during the period. Finally, Amalgamated Bank boosted its stake in AK Steel Holding Corporation by 0.3% during the first quarter. Amalgamated Bank now owns 42,206 shares of the basic materials company’s stock worth $303,000 after buying an additional 120 shares during the period. 70.70% of the stock is owned by institutional investors.

AK Steel Holding Corporation 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.

Analyst Recommendations for AK Steel Holding Corporation (NYSE:AKS)

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