87,211 Shares in AK Steel Holding Corporation (AKS) Acquired by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in AK Steel Holding Corporation (NYSE:AKS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 87,211 shares of the basic materials company’s stock, valued at approximately $488,000.

Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP boosted its stake in shares of AK Steel Holding Corporation by 56.9% during the 2nd quarter. First Trust Advisors LP now owns 377,889 shares of the basic materials company’s stock worth $2,483,000 after acquiring an additional 137,078 shares during the last quarter. New Jersey Better Educational Savings Trust purchased a new position in shares of AK Steel Holding Corporation during the 3rd quarter worth $1,118,000. Northern Trust Corp boosted its stake in shares of AK Steel Holding Corporation by 3.6% during the 2nd quarter. Northern Trust Corp now owns 3,829,715 shares of the basic materials company’s stock worth $25,160,000 after acquiring an additional 132,062 shares during the last quarter. Cornerstone Financial Partners LLC purchased a new position in shares of AK Steel Holding Corporation during the 2nd quarter worth $154,000. Finally, Royce & Associates LP boosted its stake in shares of AK Steel Holding Corporation by 9.0% during the 2nd quarter. Royce & Associates LP now owns 1,841,109 shares of the basic materials company’s stock worth $12,096,000 after acquiring an additional 152,500 shares during the last quarter. Institutional investors own 72.55% of the company’s stock.

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A number of research analysts recently weighed in on the stock. Macquarie assumed coverage on shares of AK Steel Holding Corporation in a research note 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 research note on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating on shares of AK Steel Holding Corporation in a research note on Monday, September 18th. BMO Capital Markets lowered their target price on shares of AK Steel Holding Corporation from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 1st. 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 research note on Wednesday, August 9th. Eleven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.56.

AK Steel Holding Corporation (NYSE:AKS) opened at $4.51 on Friday. The company has a market cap of $1,380.00, a PE ratio of 6.37, a P/E/G ratio of 2.91 and a beta of 2.93. AK Steel Holding Corporation has a fifty-two week low of $4.00 and a fifty-two week high of $11.39. The company has a current ratio of 1.92, a quick ratio of 0.75 and a debt-to-equity ratio of 11.89.

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.

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

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