AK Steel Holding Co. (NYSE:AKS) shares gapped up before the market opened on Thursday . The stock had previously closed at $2.77, but opened at $2.76. AK Steel shares last traded at $2.73, with a volume of 192650 shares changing hands.

A number of research analysts recently commented on AKS shares. Zacks Investment Research raised shares of AK Steel from a “sell” rating to a “hold” rating in a report on Monday, November 12th. ValuEngine downgraded shares of AK Steel from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 24th. Seaport Global Securities started coverage on shares of AK Steel in a report on Thursday, October 11th. They issued a “neutral” rating and a $5.00 price target for the company. Morgan Stanley set a $5.00 price target on shares of AK Steel and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, Cowen started coverage on shares of AK Steel in a report on Tuesday. They issued a “market perform” rating and a $2.50 price target for the company. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $4.92.

The company has a current ratio of 2.03, a quick ratio of 0.77 and a debt-to-equity ratio of 4.65. The stock has a market capitalization of $870.90 million, a price-to-earnings ratio of 9.00, a PEG ratio of 0.71 and a beta of 2.61.

AK Steel (NYSE:AKS) last posted its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). AK Steel had a return on equity of 45.52% and a net margin of 0.67%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.82 billion. On average, analysts anticipate that AK Steel Holding Co. will post 0.6 EPS for the current year.

In other news, CEO Roger K. Newport acquired 10,000 shares of AK Steel stock in a transaction that occurred on Tuesday, November 27th. The shares were bought at an average cost of $3.03 per share, with a total value of $30,300.00. Following the transaction, the chief executive officer now directly owns 461,297 shares of the company’s stock, valued at approximately $1,397,729.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.13% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in AK Steel by 1,136.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 22,956 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 21,100 shares during the period. Schwab Charles Investment Management Inc. raised its position in AK Steel by 12.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,266,504 shares of the basic materials company’s stock worth $9,837,000 after purchasing an additional 244,247 shares during the period. OppenheimerFunds Inc. raised its position in AK Steel by 13.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 822,828 shares of the basic materials company’s stock worth $3,571,000 after purchasing an additional 97,088 shares during the period. Virtu Financial LLC increased its position in shares of AK Steel by 358.7% during the third quarter. Virtu Financial LLC now owns 248,088 shares of the basic materials company’s stock worth $1,216,000 after acquiring an additional 194,005 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of AK Steel by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 7,357,323 shares of the basic materials company’s stock worth $31,931,000 after acquiring an additional 460,313 shares during the period. 65.90% of the stock is currently owned by institutional investors.

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AK Steel Company Profile (NYSE:AKS)

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.

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