ibusinesslines.com July 21, 2018

Analysts Reveals Updates on AK Steel Holding Corp (AKS)

13 August 2017, 06:33 | Erica Roy

Northwestern Mutual Investment Management Company LLC boosted its stake in shares of United States Steel Corporation by 1.1% in the first quarter. Acrospire Investment Management has an ownership of 8,090 stocks of the basic materials firms shares valued at $153,000 after scooping up an extra 5,475 shares through out the quarter. Guggenheim Capital LLC raised its stake in AK Steel Holding Corporation by 292.8% in the fourth quarter. World Asset Management Inc now owns 13,485 shares of the basic materials company's stock worth $456,000 after buying an additional 342 shares during the last quarter. It increased, as 46 investors sold AK Steel Holding Corporation shares while 58 reduced holdings. UBS Asset Management Americas Inc. now owns 516,797 shares of the basic materials company's stock worth $5,277,000 after buying an additional 337,220 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in shares of United States Steel Corporation during the second quarter worth $20,786,000. State of Alaska Department of Revenue now owns 34,900 shares of the basic materials company's stock worth $250,000 after buying an additional 930 shares during the last quarter. The company's shares were assimilated at $3.12 per share worth to an investment of some $15,600 on account of Newport Roger K.

United States Steel Corporation (NYSE:X) opened at 23.16 on Friday. Based on an average trading volume of 18,708,793 shares, the short-interest ratio is presently 1.7 days. The firm's 50-day moving average is $6.11 and its 200 day moving average is $6.86.

The company is now down from yesterday's close of $5.37. United States Steel Corporation has a 1-year low of $15.72 and a 1-year high of $41.83.

AK Steel Holding Corporation (NYSE:AKS) last posted its quarterly earnings data on Tuesday, July 25th. As of the latest earnings report the EPS was $0.38 and is estimated to be $0.51 for the current year with 314,848,000 shares now outstanding.

5 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 1515.59 million while high and low sale targets are estimated at 1538.4 million and 1465 million respectively. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. During the same period in the previous year, the business posted ($0.32) EPS. For the current quarter AK Steel Holding Corp (NYSE:AKS) has high EPS estimates of $0.1 in contradiction of low EPS estimates of $0.01.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Blackrock Institutional Tru Na invested in 0.01% or 7.93M shares. This represents a $0.20 annualized dividend and a yield of 0.86%. On Monday, August 22 the stock rating was initiated by Rosenblatt with "Buy". United States Steel Corporation's dividend payout ratio (DPR) is now 125.00%.

Goldman Sachs Group Inc bolstered its stake by buying 5,269,717 shares an increase of 29,203.2% in the quarter. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark law. AK Steel Holding Corporation (AKS) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume. Jefferies Group LLC dropped their price objective on Timken Steel Corporation from $18.00 to $16.50 and set a "hold" rating for the company in a report on Wednesday, April 19th.

Currently AK Steel Holding Corp (NYSE:AKS)'s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 79.9%. Finally, J P Morgan Chase & Co reiterated an "overweight" rating on shares of United States Steel Corporation in a report on Wednesday, June 7th.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 2 analysts "outperform", 2 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". They now have a United States dollars 23 price target on the stock. Campbell And Invest Adviser Lc reported 14,504 shares stake. The shares were purchased at an average cost of $19.31 per share, with a total value of $28,965.00. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Following the completion of the transaction, the director now owns 21,872 shares in the company, valued at approximately $436,127.68. The disclosure for this purchase can be found here.

Timken Steel Corporation (TMST) declined 0.12% through out intraday market trading on Early Thur, reaching $15.99. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing.

Other News

Trending Now

Seyfeddin Roustamov: "One of Our Key Objectives Is to Become No 1 in the European Synthetic Resins Market"
In the meantime we constantly look at distribution opportunities and build contacts with a number of US consumers. The Metafrax Company is the largest producer of methanol, formaldehyde and synthetic resins in Russia and Europe.

How to resolve the North Korea crisis
VASILY NEBENZYA: Russia and China - we're proposing them constantly for more than a month now - in fact, earlier. On Friday, Lavrov expressed his worries about the recent standoff between the United States and North Korea.

Conte: Chelsea don't deserve to be among Premier League faves
New signing Alvaro Morata was introduced with an hour on the clock as he replaced Michy Batshuayi in a tactical substitution. The post Burnley making Chelsea feel the blues appeared first on Vanguard News .

Fidelity National Information Services, Inc. (NYSE:FIS) Updates FY17 Earnings Guidance
Baldwin Mgmt Llc invested 0.09% in Monsanto Company (NYSE:MON). 34,025 are owned by Orca Management Ltd Limited Liability Company. On Monday, March 20 MARTIRE FRANK R sold $7.61M worth of Fidelity National Information Servcs Inc (NYSE:FIS) or 93,849 shares.

Axalta Coating Systems Ltd. (NYSE:AXTA)
Following the acquisition, the director now directly owns 4,000 shares of the company's stock, valued at approximately $112,640. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry.

Wenger Confirms Olivier Giroud Will Stay At Arsenal
Goals from two substitutes in the final ten minutes of the game - first Aaron Ramsey and then Giroud - would take Arsenal to a remarkable 4-3 win.

Antonio Conte Reveals Why Alvaro Morata Is Yet To Start For Chelsea
Liam is ESPN FC's Chelsea correspondent. "It was maybe a little bit of my heart and a little bit of my head to pick Chelsea ". Conte referenced the last time Chelsea defended the league title. "But you know very well that there are surprises".