AK Steel Holding Corp. (NYSE:AKS) – Investment analysts at KeyCorp boosted their FY2016 earnings estimates for shares of AK Steel Holding Corp. in a report issued on Monday. KeyCorp analyst P. Gibbs now forecasts that the firm will earn $0.42 per share for the year, up from their prior estimate of $0.40. KeyCorp has a “Underweight” rating and a $4.00 price objective on the stock.

A number of other research firms have also recently commented on AKS. Cowen and Company upped their target price on AK Steel Holding Corp. from $5.00 to $7.00 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Jefferies Group increased their price objective on AK Steel Holding Corp. from $5.00 to $5.50 and gave the stock a “hold” rating in a research note on Wednesday, July 27th. JPMorgan Chase & Co. increased their price objective on AK Steel Holding Corp. from $6.00 to $8.50 and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. Barclays PLC increased their price objective on AK Steel Holding Corp. from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research cut AK Steel Holding Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 16th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $5.05.

AK Steel Holding Corp. (NYSE:AKS) traded up 8.209% during mid-day trading on Wednesday, hitting $4.653. The company’s stock had a trading volume of 14,585,896 shares. AK Steel Holding Corp. has a 12-month low of $1.64 and a 12-month high of $7.09. The company’s market cap is $1.11 billion. The firm’s 50-day moving average is $4.86 and its 200-day moving average is $4.63.

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AK Steel Holding Corp. (NYSE:AKS) last posted its earnings results on Tuesday, July 26th. The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.10. The business earned $1.49 billion during the quarter, compared to analyst estimates of $1.53 billion. AK Steel Holding Corp. had a negative return on equity of 12.89% and a negative net margin of 2.18%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.36) EPS.

In related news, Director Vicente Wright sold 27,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $6.70, for a total value of $180,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of AKS. HBK Investments L P raised its position in shares of AK Steel Holding Corp. by 167.1% in the first quarter. HBK Investments L P now owns 389,600 shares of the company’s stock worth $1,609,000 after buying an additional 243,757 shares during the period. Geode Capital Management LLC increased its stake in shares of AK Steel Holding Corp. by 12.1% in the first quarter. Geode Capital Management LLC now owns 1,183,372 shares of the company’s stock valued at $4,887,000 after buying an additional 127,785 shares in the last quarter. State Street Corp increased its stake in shares of AK Steel Holding Corp. by 2.0% in the first quarter. State Street Corp now owns 8,477,471 shares of the company’s stock valued at $35,010,000 after buying an additional 164,136 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of AK Steel Holding Corp. during the first quarter valued at $2,152,000. Finally, Spark Investment Management LLC increased its stake in shares of AK Steel Holding Corp. by 27.5% in the first quarter. Spark Investment Management LLC now owns 1,946,200 shares of the company’s stock valued at $8,037,000 after buying an additional 419,200 shares in the last quarter. Institutional investors 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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