Columbia Partners L L C Investment Management Has $539,000 Position in AK Steel Holding Corporation (AKS)

Columbia Partners L L C Investment Management increased its stake in shares of AK Steel Holding Corporation (NYSE:AKS) by 23.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,187 shares of the basic materials company’s stock after buying an additional 15,693 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in AK Steel Holding Corporation were worth $539,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP lifted its position 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 buying an additional 137,078 shares during the period. Cornerstone Financial Partners LLC bought a new position in shares of AK Steel Holding Corporation during the 2nd quarter worth approximately $154,000. Vanguard Group Inc. lifted its position in shares of AK Steel Holding Corporation by 6.6% during the 1st 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 period. Royce & Associates LP lifted its position 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 buying an additional 152,500 shares during the period. Finally, Boston Advisors LLC lifted its position in shares of AK Steel Holding Corporation by 11.6% during the 2nd quarter. Boston Advisors LLC now owns 598,670 shares of the basic materials company’s stock worth $3,933,000 after buying an additional 62,070 shares during the period. Institutional investors and hedge funds own 72.86% of the company’s stock.

Several research firms recently commented on AKS. Zacks Investment Research upgraded AK Steel Holding Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Jefferies Group LLC restated a “buy” rating and set a $9.00 target price on shares of AK Steel Holding Corporation in a research report on Wednesday, June 28th. Deutsche Bank AG upgraded AK Steel Holding Corporation from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Friday, June 23rd. ValuEngine downgraded AK Steel Holding Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Longbow Research downgraded AK Steel Holding Corporation from a “buy” rating to a “neutral” rating and raised their target price for the stock from $6.20 to $6.24 in a research report on Thursday, July 27th. Ten 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 stock. The company presently has an average rating of “Hold” and an average target price of $8.46.

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Shares of AK Steel Holding Corporation (AKS) opened at 5.64 on Thursday. AK Steel Holding Corporation has a 52-week low of $4.38 and a 52-week high of $11.39. The company has a market cap of $1.78 billion, a P/E ratio of 14.76 and a beta of 2.87. The stock’s 50 day moving average price is $5.49 and its 200-day moving average price is $6.27.

AK Steel Holding Corporation (NYSE:AKS) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.06. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. Equities analysts expect that AK Steel Holding Corporation will post $0.53 EPS for the current year.

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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