AK Steel Holding Corporation (AKS) Position Increased by Amalgamated Bank

AK Steel Holding Corporation (AKS) Position Increased by Amalgamated Bank

AK Steel Holding Corporation on 6/29/2017 reported its EPS as $0.21 with the analysts projecting the EPS of the stock as $0.13.

X has been the subject of a number of other reports. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The share price has moved forward from its 20 days moving average, trading at a distance of 8.06% and stays 15.3% away from its 50 days moving average. Clarkson Capital upgraded AK Steel Holding Corporation (NYSE:AKS) on Friday, May 26 to "Buy" rating. Longbow Research upgraded shares of AK Steel Holding Corporation from a "neutral" rating to a "buy" rating in a research note on Monday, June 19th. Acrospire Investment Management LLC now owns 6,212 shares of the basic materials company's stock worth $210,000 after buying an additional 4,391 shares during the period. AK Steel Holding Corporation has a 52 week low of $3.87 and a 52 week high of $11.39. It's now trading about -40.23% below its 52-week high. The firm's 50 day moving average is $6.32 and its 200-day moving average is $7.13.

This stock is ahead of its 52-week low with +61.24%. United States Steel Corporation also was the target of unusually large options trading on Wednesday. Traders purchased 51,977 put options on the company. This is an increase of 194% compared to the average volume of 17,668 put options. United States Steel Corp (NYSE:X) was reduced too.

Many analysts have provided their estimated foresights on AK Steel Holding Corporation Earnings, with 13 analysts believing the company would generate an Average Estimate of $0.11.

In the last earnings report the EPS was $-2.29 and is expected to be $-0.71 for the current year with 44,373,000 shares presently outstanding.

07/27/2017 - United States Steel Corporation had its " rating reiterated by analysts at Cowen. The business's revenue was up 42.0% compared to the same quarter a year ago.

According to analysts AK Steel Holding Corp (NYSE:AKS)'s EPS can go high up to $0.22. However, before "fully loading: the potential improvements into expectations, there are good reasons to be a little careful: 1) It was just 3 months ago that US Steel reported a disaster quarter that prompted over a 30% drop in the shares and the CEO's departure".

ILLEGAL ACTIVITY NOTICE: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. The original version of this article can be accessed at

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.20 annualized dividend and a yield of 0.87%. The shares price has directed -15.85% toward a lower level throughout previous year and swapped -19.32% toward a weak spot during past one month. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 14.32 and a beta of 2.89. The shares were purchased at an average price of $19.96 per share, with a total value of $199,600.00. Following the acquisition, the director now directly owns 21,872 shares in the company, valued at approximately $436,127.68. The disclosure for this purchase can be found here. Following the acquisition, the director now directly owns 12,377 shares in the company, valued at approximately $238,999.87.

A number of hedge funds and other institutional investors have recently modified their holdings of X. World Asset Management Inc boosted its position in AK Steel Holding Corporation by 2.5% in the second quarter. The basic materials company reported ($0.12) EPS for the quarter, missing the Zacks' consensus estimate of ($0.10) by $0.02. For the quarter, shares have been noted at -7.29%. Acrospire Investment Management LLC increased its position in shares of United States Steel by 241.1% in the first quarter. Its last month's stock price volatility remained 6.20% which for the week stands at 5.32%. Municipal Employees Retirement System of MI boosted its position in AK Steel Holding Corporation by 3.9% in the second quarter. J P Morgan Chase & Co reaffirmed an overweight rating and issued a $46.00 price objective (up from $39.00) on shares of United States Steel Corporation in a research note on Wednesday, March 22nd. Stock analysts at Jefferies Group dropped their Q3 2017 EPS estimates for United States Steel in a note issued to investors on Wednesday. Meadow Creek Investment Management has an ownership of 16,016 stocks of the basic materials firms shares valued $115,000 after scooping up an extra 2,044 shares through out the quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company's stock valued at $722,000 after buying an additional 606 shares in the last quarter.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe.