Brandywine Global Investment Management LLC bought a new stake in AK Steel Holding Corporation (NYSE:AKS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 891,822 shares of the basic materials company’s stock, valued at approximately $5,860,000. Brandywine Global Investment Management LLC owned about 0.28% of AK Steel Holding Corporation as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Amalgamated Bank lifted its stake in 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 during the last quarter. World Asset Management Inc lifted its stake in 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 during the last quarter. Shikiar Asset Management Inc. lifted its stake in 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 during the last quarter. Texas Permanent School Fund lifted its stake in AK Steel Holding Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 229,829 shares of the basic materials company’s stock valued at $1,510,000 after buying an additional 1,920 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in AK Steel Holding Corporation by 2.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 102,300 shares of the basic materials company’s stock valued at $736,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 73.06% of the company’s stock.

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AK Steel Holding Corporation (NYSE:AKS) opened at 5.77 on Thursday. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 15.10 and a beta of 2.91. AK Steel Holding Corporation has a 12-month low of $4.42 and a 12-month high of $11.39. The company’s 50-day moving average price is $5.55 and its 200-day moving average price is $6.09.

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 analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Equities analysts expect that AK Steel Holding Corporation will post $0.52 EPS for the current fiscal year.

A number of equities research analysts have issued reports on AKS shares. Longbow Research upgraded AK Steel Holding Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Deutsche Bank AG upgraded AK Steel Holding Corporation from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Friday, June 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $9.00 target price on shares of AK Steel Holding Corporation in a research note on Wednesday, June 28th. Zacks Investment Research cut AK Steel Holding Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, ValuEngine cut AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.28.

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.

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

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