Sei Investments Co. trimmed its holdings in AK Steel Holding Co. (NYSE:AKS) by 78.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,265 shares of the basic materials company’s stock after selling 530,237 shares during the period. Sei Investments Co.’s holdings in AK Steel were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Archford Capital Strategies LLC grew its position in shares of AK Steel by 12,352.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 14,320 shares of the basic materials company’s stock valued at $1,909,000 after purchasing an additional 14,205 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of AK Steel by 74.4% during the 2nd 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 in the last quarter. Alps Advisors Inc. grew its position in shares of AK Steel by 35.0% during the 2nd 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 in the last quarter. World Asset Management Inc grew its position in shares of AK Steel by 2.5% during the 2nd quarter. World Asset Management Inc now owns 20,471 shares of the basic materials company’s stock valued at $134,000 after purchasing an additional 502 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of AK Steel during the 2nd quarter valued at $141,000. Institutional investors and hedge funds own 65.14% of the company’s stock.

Shares of AK Steel Holding Co. (NYSE:AKS) opened at $5.33 on Friday. AK Steel Holding Co. has a fifty-two week low of $4.00 and a fifty-two week high of $11.28. The company has a current ratio of 1.92, a quick ratio of 0.75 and a debt-to-equity ratio of 11.89. The stock has a market cap of $1,678.30, a price-to-earnings ratio of 8.20, a PEG ratio of 4.29 and a beta of 2.89.

A number of research analysts have recently commented on AKS shares. Longbow Research restated a “neutral” rating on shares of AK Steel in a research report on Tuesday, October 3rd. Cowen restated a “hold” rating and set a $6.00 price target on shares of AK Steel in a research report on Tuesday, October 24th. BMO Capital Markets restated a “hold” rating on shares of AK Steel in a research report on Thursday, November 2nd. J P Morgan Chase & Co reduced their price target on shares of AK Steel from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Finally, Citigroup reduced their price target on shares of AK Steel from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $7.46.

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About AK Steel

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 (NYSE:AKS)

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