Monday, 11 December, 2017

The Value of AK Steel Holding Corporation (NYSE:AKS) Underpriced by 14.2%?

Juana Turner | 06 December, 2017, 00:34

The stock decreased 2.02% or $0.1 during the last trading session, reaching $4.86. The stock managed 1.43% rise and now stands at $4.96 as of 12/04/2017. It has outperformed by 41.42% the S&P500. It was reported on Dec, 5 by Barchart.com. State's stake was worth $71.39 million at the time of purchase.

When we look at the Analyst Recommendations of the stock, the company has 2.54 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Longbow upgraded the shares of AKS in report on Monday, June 19 to "Buy" rating. As a result results using moving averages can be random at times the market appears to respect SMA support/resistance and trade signals, and other times it shows no deference. LLC boosted its holdings in shares of United States Steel by 221.0% in the 2nd quarter. It is positive, as 46 investors sold AKS shares while 57 reduced holdings. The option since executed brings Kercsmar ownership to 29544 shares.

Several other institutional investors have also bought shares of the company. Finally, ARP Americas LLC purchased a new stake in shares of United States Steel in the 3rd quarter valued at $223,000.

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 firm has a market cap of $1,539.76, a PE ratio of 7.52, a P/E/G ratio of 3.94 and a beta of 2.89. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; specialty stainless and electrical steels in sheet and strip forms; and carbon and stainless steel that is finished into welded steel tubing. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its up 0.35, from 0.97 in 2017Q1. It also upped Select Sector Spdr Tr (Put) (XLI) stake by 38,961 shares and now owns 230,000 shares. 45 funds opened positions while 91 raised stakes. 224.47 million shares or 4.37% less from 234.74 million shares in 2017Q1 were reported.

Shares of AK Steel Holding Corp (NYSE:AKS) now have an Average Brokerage Recommendation of 2.38, number of Recs in ABR is 13 while industry rank of the company by ABR is 177 out of 265. 554,014 are owned by Bluemountain Mngmt Limited Liability.

Following some medium-term indicators on shares of Visa Inc.

In recent action, AK Steel Holding Corporation (AKS) has made a move of +17.54% over the past month, which has come on weak relative transaction volume. Canada Pension Plan Investment Board reported 132,500 shares. Blackrock invested 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). According to today's trading volume AK Steel Holding Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Chicago Equity Ptnrs Lc invested in 431,817 shares. Leisure Capital holds 0.28% or 48,605 shares. Meeder Asset Mgmt owns 377 shares or 0% of their U.S. portfolio.

Nationwide Fund Advsr accumulated 544,470 shares. Legal & General Grp Incorporated Pcl stated it has 832,034 shares. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since December 3, 2016 and is uptrending.

Shares of United States Steel Corporation (NYSE:X) traded up $0.38 on Monday, hitting $29.30. AK Steel Holding Corporation had 73 analyst reports since July 29, 2015 according to SRatingsIntel. Finally, Clarkson Capital downgraded AK Steel from a "buy" rating to a "neutral" rating in a report on Wednesday, November 1st. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AK Steel Holding Co. and related companies with our FREE daily email newsletter. The rating was maintained by Barclays Capital on Tuesday, January 12 with "Equal-Weight". Citigroup lowered their target price on shares of AK Steel from $7.00 to $5.00 and set a neutral rating on the stock in a research note on Thursday, November 2nd. The rating was initiated by BB&T Capital with "Hold" on Thursday, September 10. BidaskClub raised shares of United States Steel from a "hold" rating to a "buy" rating in a report on Saturday, August 26th. Whereas 9 of them predict the stock is a hold.

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