Published: Sat, January 13, 2018
Finance | By Loren Pratt

AK Steel (AKS) Receives Hold Rating from Cowen

AK Steel (AKS) Receives Hold Rating from Cowen

D-C-Capital Advisors Ltd increased Ak Steel Holding Corp (AKS) stake by 20% reported in 2017Q3 SEC filing. The firm owned 153,562 shares of the basic materials company's stock after selling 6,239 shares during the quarter. Global X Management Co.

In related news, insider Richard Fruehauf sold 5,959 shares of the company's stock in a transaction that occurred on Friday, December 1st. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in United States Steel by 10.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company's stock valued at $144,000 after purchasing an additional 193 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new position in United States Steel during the 3rd quarter worth $205,000. Pacer Advisors Inc. now owns 33,080 shares of the basic materials company's stock worth $849,000 after acquiring an additional 5,961 shares in the last quarter. KeyCorp reiterated a hold rating on shares of United States Steel in a report on Friday, November 17th. (NYSE X) traded down $1.01 during midday trading on Wednesday, reaching $38.41. This company shares are 2.3% off its target price of $6.23 and the current market capitalization stands at $1.9B. The company has a Return on Assets (ROA) of 1.30%. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Profit Investment Management Llc who had been investing in Take for a number of months, seems to be less bullish one the $13.34 billion market cap company. United States Steel Corporation has had 11 insider trades in the last 3 months, including 0 open market buys and 11 sells.

For the current quarter, 12 analysts are projecting a mean EPS of $-0.13/share. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.07 billion. United States Steel had a return on equity of 22.00% and a net margin of 4.53%. Generally speaking, earnings are expected to fall in coming quarters.

Several analysts are forecasting growth estimate of AK Steel Holding Corporation for the current quarter to be -192.9%. AK Steel Holding Corp (NYSE:AKS)'s price sits 18.48% above from its SMA 50 of $5.42 and 5.08% far from the SMA 200 which is at $5.55.

Analysts await AK Steel Holding Corporation (NYSE:AKS) to report earnings on January, 23. ValuEngine raised United States Steel from a "hold" rating to a "buy" rating in a research report on Sunday, December 31st. The rating was maintained by Bank of America with "Buy" on Wednesday, November 8. Looking at the stock's movement on the chart, United States Steel Corporation recorded a 52-week high of $41.83. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. Of those analysts, 7 rate stock as a Strong Buy, 5 rate it as Hold, and just no analyst rates it as a Moderate Sell. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Northland Capital maintained the stock with "Neutral" rating in Wednesday, March 9 report. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Following the transaction, the vice president now directly owns 19,136 shares of the company's stock, valued at approximately $574,080. The disclosure for this sale can be found here. The stock increased 4.27% or $0.26 during the last trading session, reaching $6.35. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of United States Steel by 10.7% during the 2nd quarter. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of USA & global copyright and trademark laws.

AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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