Two Sigma Investments LP Sells 190,631 Shares of AK Steel Holding Co. (AKS)

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Two Sigma Investments LP decreased its position in AK Steel Holding Co. (NYSE:AKS) by 66.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,175 shares of the basic materials company’s stock after selling 190,631 shares during the period. Two Sigma Investments LP’s holdings in AK Steel were worth $212,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of AK Steel by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,589,540 shares of the basic materials company’s stock worth $5,826,000 after purchasing an additional 12,410 shares during the period. Menta Capital LLC raised its position in shares of AK Steel by 62.9% during the fourth quarter. Menta Capital LLC now owns 90,904 shares of the basic materials company’s stock worth $205,000 after purchasing an additional 35,112 shares during the period. Claybrook Capital LLC acquired a new stake in shares of AK Steel during the fourth quarter worth about $38,000. Geode Capital Management LLC raised its position in shares of AK Steel by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 3,250,537 shares of the basic materials company’s stock worth $7,313,000 after purchasing an additional 181,124 shares during the period. Finally, Magnus Financial Group LLC acquired a new stake in shares of AK Steel during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 62.61% of the company’s stock.

A number of equities research analysts have recently commented on the company. Longbow Research lowered AK Steel from a “buy” rating to a “neutral” rating and set a $2.77 price target on the stock. in a research report on Wednesday, January 30th. Cowen assumed coverage on AK Steel in a research report on Tuesday, January 8th. They set a “market perform” rating and a $2.50 price target on the stock. Macquarie lowered AK Steel from an “outperform” rating to a “neutral” rating and set a $3.00 price target on the stock. in a research report on Tuesday, January 29th. Zacks Investment Research raised AK Steel from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Tuesday, February 12th. Finally, TheStreet raised AK Steel from a “d+” rating to a “c-” rating in a research report on Thursday, February 21st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.55.

Shares of AK Steel stock opened at $2.45 on Tuesday. AK Steel Holding Co. has a 52-week low of $2.05 and a 52-week high of $5.40. The company has a market capitalization of $793.93 million, a P/E ratio of 3.69, a PEG ratio of 1.11 and a beta of 2.83. The company has a current ratio of 1.95, a quick ratio of 0.69 and a debt-to-equity ratio of 4.64.

AK Steel (NYSE:AKS) last announced its earnings results on Monday, January 28th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.05. AK Steel had a return on equity of 54.01% and a net margin of 2.73%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the firm earned ($0.06) EPS. AK Steel’s revenue for the quarter was up 12.1% compared to the same quarter last year. Research analysts forecast that AK Steel Holding Co. will post 0.45 earnings per share for the current year.

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AK Steel Profile

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, and stainless and electrical steel products in the United States and internationally. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; grain-oriented specialty stainless and electrical steels; and carbon and stainless steel tubing products.

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Institutional Ownership by Quarter for AK Steel (NYSE:AKS)

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