Economy

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".

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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.