Published: Thu, July 13, 2017
Medicine | By Megan Pierce

Are Analysts Bearish AK Steel Holding Corporation (NYSE:AKS) After Last Week?

For the last month, company shares are -1.12%. State Street Corp owned about 3.18% of United States Steel Corporation worth $187,574,000 as of its most recent filing with the SEC. Earnings surprises can have a huge impact on a company's stock price. BlackRock Inc. now owns 14,279,755 shares of the basic materials company's stock valued at $482,799,000 after buying an additional 14,161,952 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of United States Steel Corporation by 241.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,301 shares of the basic materials company's stock worth $213,000 after buying an additional 1,112 shares during the last quarter. Century Companies invested 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of United States Steel Corporation by 21.4% in the first quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of United States Steel Corporation by 1,971.9% in the first quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company's stock valued at $566,096,000 after buying an additional 1,539,412 shares in the last quarter.

Institutional investors have recently made changes to their positions in the company. The New Jersey-based Lord Abbett Co Limited Liability Com has invested 0.16% in AK Steel Holding Corporation (NYSE:AKS). Taking a look back at some historical performance numbers for AK Steel Holding Corporation (AKS), we can see that the stock moved -3.29% for the last five trades. AKS's distance from 20 day simple moving average is -2.72% and distance from 50-Day simple moving average is 1.49%. The third largest holder is State Street Corp, which now holds $123.77 million worth of this stock and that ownership represents almost 3.07% of its market capitalization. They expect $0.15 EPS, up 87.50% or $0.07 from last year's $0.08 per share.

Amarin Corp Ads (NASDAQ:AMRN) has average revenue estimates of $40.35 Million, compared to low analyst estimates of $37.3 Million and high estimates of $42.9 Million for the current quarter. AK Steel Holding Corporation had a lower negative return on equity of 235.11% and a net profit margin of 1.16%. The company's revenue for the quarter was up 16.4% compared to the same quarter previous year. The company beat the analyst EPS Estimate with the difference of $0.1. These shares are 23.19% off its target price of $28.15 and the current market capitalization stands at $4.03B.

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AK Steel Holding Corporation (NYSE:AKS) shares have been labeled a top pick by Beta Research as it meets the A+ criteria outlined by the firm. AK Steel Holding Corporation has its outstanding Shares of 320.91 Million. FMR LLC bought a new position in shares of AK Steel Holding Corporation during the fourth quarter worth approximately $49,391,000. Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 1.70.

Basically, a price target is an individual analyst's projection on the future price of a stock.

In other United States Steel Corporation news, Director David Sutherland acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 12th. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Anthony Mascarenas acquired 1,500 shares of United States Steel Corporation stock in a transaction on Thursday, May 18th. Following the completion of the transaction, the director now directly owns 21,872 shares in the company, valued at $436,127.68. The disclosure for this purchase can be found here. FBR Capital initiated it with "Underperform" rating and $14 target in Friday, September 18 report. Institutional investors own 76.65% of the company's stock.

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.

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