AK Steel Holding Corporation (AKS) Stake Maintained by Division Of Investment, Department Of The Treasury, State Of New Jersey

Division Of Investment, Department Of The Treasury, State Of New Jersey

disclosed that they own 5.2% of AK Steel Holding Corporation (NYSE:AKS) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, October 13th. The investor owns 16,320,010 shares of the stock valued at $89,596,855. The filing is available through EDGAR at this hyperlink.

A number of other institutional investors have also recently made changes to their positions in AKS. BlackRock Inc. grew 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 in the last quarter. Teachers Advisors LLC grew its stake in AK Steel Holding Corporation by 63.5% during the first quarter. Teachers Advisors LLC now owns 8,114,044 shares of the basic materials company’s stock worth $58,340,000 after buying an additional 3,150,282 shares in the last quarter. Dimensional Fund Advisors LP grew 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 in the last quarter. Vanguard Group Inc. grew 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 in the last quarter. Finally, State Street Corp grew its stake in AK Steel Holding Corporation by 20.3% during the first quarter. State Street Corp now owns 12,737,201 shares of the basic materials company’s stock worth $91,579,000 after buying an additional 2,151,457 shares in the last quarter. Hedge funds and other institutional investors own 73.06% of the company’s stock.

AK Steel Holding Corporation (NYSE:AKS) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year.

A number of equities research analysts have issued reports on AKS shares. Bank of America Corporation reiterated a “buy” rating and set a $9.00 price objective on shares of AK Steel Holding Corporation in a research note on Wednesday, September 6th. Zacks Investment Research raised shares of AK Steel Holding Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Macquarie started coverage on shares of AK Steel Holding Corporation in a report on Wednesday, September 6th. They issued an “outperform” rating and a $7.00 target price for the company. Deutsche Bank AG reissued a “buy” rating and issued a $10.00 target price on shares of AK Steel Holding Corporation in a report on Thursday, July 6th. Finally, ValuEngine cut shares of AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Ten research 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.28.

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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.

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

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