Shares of AK Steel Holding Corp. (NYSE:AKS) saw strong trading volume on Wednesday . 13,655,717 shares traded hands during trading, an increase of 19% from the previous session’s volume of 11,435,033 shares.The stock last traded at $4.62 and had previously closed at $4.30.

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on AK Steel Holding Corp. from $6.00 to $8.50 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Jefferies Group raised their target price on AK Steel Holding Corp. from $5.00 to $5.50 and gave the stock a “hold” rating in a research report on Wednesday, July 27th. Cowen and Company raised their target price on AK Steel Holding Corp. from $5.00 to $7.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Barclays PLC increased their price target on AK Steel Holding Corp. from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research downgraded AK Steel Holding Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. AK Steel Holding Corp. presently has a consensus rating of “Hold” and a consensus target price of $5.05.

The company’s market capitalization is $1.12 billion. The stock’s 50-day moving average price is $4.82 and its 200-day moving average price is $4.64.

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AK Steel Holding Corp. (NYSE:AKS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.10. AK Steel Holding Corp. had a negative net margin of 2.18% and a negative return on equity of 12.89%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm earned ($0.36) earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Analysts expect that AK Steel Holding Corp. will post $0.32 earnings per share for the current fiscal year.

In other AK Steel Holding Corp. news, Director Vicente Wright sold 27,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $6.70, for a total value of $180,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY increased its stake in shares of AK Steel Holding Corp. by 0.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 126,310 shares of the company’s stock valued at $522,000 after buying an additional 530 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of AK Steel Holding Corp. by 0.7% in the second quarter. Sterling Capital Management LLC now owns 160,671 shares of the company’s stock valued at $749,000 after buying an additional 1,073 shares during the last quarter. Raymond James & Associates increased its stake in shares of AK Steel Holding Corp. by 4.7% in the second quarter. Raymond James & Associates now owns 30,628 shares of the company’s stock valued at $143,000 after buying an additional 1,386 shares during the last quarter. American International Group Inc. increased its stake in shares of AK Steel Holding Corp. by 2.7% in the second quarter. American International Group Inc. now owns 176,707 shares of the company’s stock valued at $823,000 after buying an additional 4,716 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of AK Steel Holding Corp. by 18.6% in the second quarter. SG Americas Securities LLC now owns 35,115 shares of the company’s stock valued at $164,000 after buying an additional 5,510 shares during the last quarter. Institutional investors and hedge funds own 68.71% of the company’s stock.

AK Steel Holding Corp. Company Profile

AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia.

5 Day Chart for NYSE:AKS

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