Virtu KCG Holdings LLC lowered its stake in shares of AK Steel Holding Corporation (NYSE:AKS) by 70.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,729 shares of the basic materials company’s stock after selling 166,847 shares during the period. Virtu KCG Holdings LLC’s holdings in AK Steel Holding Corporation were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its holdings 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 last quarter. Vanguard Group Inc. boosted its holdings 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 last quarter. State Street Corp boosted its holdings 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 during the last quarter. Teachers Advisors LLC boosted its holdings 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 last quarter. Hedge funds and other institutional investors own 73.06% of the company’s stock.

A number of brokerages have issued reports on AKS. Deutsche Bank AG restated a “buy” rating and set a $10.00 target price on shares of AK Steel Holding Corporation in a report on Thursday, July 6th. Macquarie began coverage on AK Steel Holding Corporation in a report on Wednesday, September 6th. They set an “outperform” rating and a $7.00 target price on the stock. Bank of America Corporation restated a “buy” rating and set a $9.00 target price on shares of AK Steel Holding Corporation in a report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of AK Steel Holding Corporation in a report on Monday, September 18th. Finally, Barclays PLC restated an “equal weight” rating and set a $7.00 target price (down previously from $8.00) on shares of AK Steel Holding Corporation in a report on Wednesday, August 9th. Ten equities research analysts have rated the stock with a hold rating, six 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 target price of $8.28.

Shares of AK Steel Holding Corporation (AKS) opened at 5.43 on Thursday. The company has a 50-day moving average price of $5.58 and a 200-day moving average price of $6.01. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 14.21 and a beta of 2.91. AK Steel Holding Corporation has a 12 month low of $4.47 and a 12 month high of $11.39.

AK Steel Holding Corporation (NYSE:AKS) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $0.19 EPS for the quarter, beating 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 company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company earned $0.08 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts forecast that AK Steel Holding Corporation will post $0.51 earnings per share for the current fiscal year.

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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.

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

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