AK Steel Holding Corporation (NYSE:AKS)‘s stock had its “hold” rating reiterated by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday.

Several other research analysts have also commented on the company. TheStreet lowered AK Steel Holding Corporation from a “c” rating to a “d+” rating in a research report on Tuesday. J P Morgan Chase & Co dropped their price target on AK Steel Holding Corporation from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday. Clarkson Capital lowered AK Steel Holding Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday. Cowen and Company reiterated a “hold” rating and issued a $6.00 price target on shares of AK Steel Holding Corporation in a research report on Tuesday, October 24th. Finally, Longbow Research reiterated a “neutral” rating on shares of AK Steel Holding Corporation in a research report on Tuesday, October 3rd. Eleven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. AK Steel Holding Corporation currently has a consensus rating of “Hold” and a consensus target price of $7.85.

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Several institutional investors have recently bought and sold shares of the company. Amalgamated Bank raised its stake in shares of AK Steel Holding Corporation by 0.3% during the first quarter. Amalgamated Bank now owns 42,206 shares of the basic materials company’s stock valued at $303,000 after acquiring an additional 120 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of AK Steel Holding Corporation by 0.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 193 shares in the last quarter. World Asset Management Inc raised its stake in shares of AK Steel Holding Corporation by 1.4% during the first quarter. World Asset Management Inc now owns 19,969 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 283 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of AK Steel Holding Corporation by 0.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 126,310 shares of the basic materials company’s stock valued at $522,000 after acquiring an additional 530 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of AK Steel Holding Corporation by 2.2% during the third quarter. Advisor Group Inc. now owns 35,116 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 760 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

AK Steel Holding Corporation Company 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.

Analyst Recommendations for AK Steel Holding Corporation (NYSE:AKS)

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