Great West Life Assurance Co. Can decreased its holdings in AK Steel Holding Co. (NYSE:AKS) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 429,495 shares of the basic materials company’s stock after selling 30,045 shares during the quarter. Great West Life Assurance Co. Can owned 0.14% of AK Steel worth $2,357,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of AKS. Alps Advisors Inc. boosted its stake in shares of AK Steel by 35.0% in the second quarter. Alps Advisors Inc. now owns 17,639 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 4,573 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of AK Steel by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 17,616 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 7,516 shares during the period. World Asset Management Inc raised its holdings in AK Steel by 2.5% in the second quarter. World Asset Management Inc now owns 20,471 shares of the basic materials company’s stock valued at $134,000 after acquiring an additional 502 shares in the last quarter. MML Investors Services LLC acquired a new stake in AK Steel in the second quarter valued at approximately $141,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in AK Steel by 0.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 193 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.
Shares of AK Steel Holding Co. (AKS) opened at $5.30 on Friday. The company has a current ratio of 1.92, a quick ratio of 0.75 and a debt-to-equity ratio of 11.89. AK Steel Holding Co. has a 1-year low of $4.00 and a 1-year high of $11.28. The firm has a market cap of $1,680.00, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 4.25 and a beta of 2.89.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/12/16/great-west-life-assurance-co-can-sells-30045-shares-of-ak-steel-holding-co-aks.html.
AK Steel 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.
Want to see what other hedge funds are holding AKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AK Steel Holding Co. (NYSE:AKS).
What are top analysts saying about AK Steel? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AK Steel and related companies.