AK Steel Holding Corporation (NYSE:AKS) was the recipient of unusually large options trading on Friday. Traders bought 25,412 put options on the company. This is an increase of 297% compared to the typical volume of 6,395 put options.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank increased its position in shares of AK Steel Holding Corporation by 0.3% in the first quarter. Amalgamated Bank now owns 42,206 shares of the basic materials company’s stock valued at $303,000 after buying an additional 120 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of AK Steel Holding Corporation 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 buying an additional 193 shares in the last quarter. World Asset Management Inc increased its position in shares of AK Steel Holding Corporation by 1.4% in the first quarter. World Asset Management Inc now owns 19,969 shares of the basic materials company’s stock valued at $144,000 after buying an additional 283 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of AK Steel Holding Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 34,900 shares of the basic materials company’s stock valued at $250,000 after buying an additional 930 shares in the last quarter. Finally, Shikiar Asset Management Inc. increased its position in shares of AK Steel Holding Corporation by 2.5% in the second quarter. Shikiar Asset Management Inc. now owns 62,500 shares of the basic materials company’s stock valued at $411,000 after buying an additional 1,500 shares in the last quarter. 77.75% of the stock is owned by institutional investors.

Shares of AK Steel Holding Corporation (NYSE AKS) opened at 5.24 on Wednesday. The stock has a market cap of $1.65 billion, a P/E ratio of 13.72 and a beta of 2.86. The company has a 50 day moving average price of $6.00 and a 200-day moving average price of $6.76. AK Steel Holding Corporation has a 12 month low of $3.87 and a 12 month high of $11.39.

AK Steel Holding Corporation (NYSE:AKS) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. AK Steel Holding Corporation had a net margin of 1.88% and a return on equity of 735.25%. AK Steel Holding Corporation’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. On average, equities research analysts predict that AK Steel Holding Corporation will post $0.51 earnings per share for the current year.

A number of equities analysts have recently commented on the company. Macquarie raised AK Steel Holding Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $7.30 to $8.10 in a report on Monday, April 24th. Zacks Investment Research raised AK Steel Holding Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $9.00 price target on shares of AK Steel Holding Corporation in a report on Wednesday, June 28th. Cowen and Company cut their price target on AK Steel Holding Corporation from $9.00 to $7.00 and set a “market perform” rating for the company in a report on Thursday, April 27th. Finally, TheStreet raised AK Steel Holding Corporation from a “d+” rating to a “c” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.06.

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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.

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