Creative Planning Decreases Stock Position in AK Steel Holding Co. (NYSE:AKS)

Share on StockTwits

Creative Planning cut its holdings in AK Steel Holding Co. (NYSE:AKS) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,344 shares of the basic materials company’s stock after selling 10,200 shares during the quarter. Creative Planning’s holdings in AK Steel were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. First Trust Advisors LP bought a new stake in shares of AK Steel during the 1st quarter valued at about $516,000. Morgan Stanley grew its stake in shares of AK Steel by 125.4% during the 2nd quarter. Morgan Stanley now owns 2,431,379 shares of the basic materials company’s stock valued at $5,763,000 after purchasing an additional 1,352,519 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of AK Steel by 4.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 120,174 shares of the basic materials company’s stock valued at $285,000 after purchasing an additional 5,640 shares during the period. State of Alaska Department of Revenue grew its stake in shares of AK Steel by 125.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 243,046 shares of the basic materials company’s stock valued at $551,000 after purchasing an additional 135,403 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of AK Steel during the 3rd quarter valued at about $61,000. Institutional investors own 59.30% of the company’s stock.

AKS stock opened at $2.94 on Friday. AK Steel Holding Co. has a twelve month low of $1.66 and a twelve month high of $3.59. The company has a quick ratio of 0.70, a current ratio of 2.06 and a debt-to-equity ratio of 4.77. The stock has a market cap of $963.40 million, a P/E ratio of 4.98 and a beta of 3.06. The business’s 50-day moving average price is $3.03 and its 200-day moving average price is $2.71.

A number of equities research analysts have issued reports on the company. Exane BNP Paribas assumed coverage on AK Steel in a research note on Thursday, November 14th. They set an “underperform” rating and a $2.00 price target for the company. UBS Group upgraded AK Steel from a “sell” rating to a “neutral” rating and boosted their price target for the company from $2.00 to $3.50 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upgraded AK Steel to a “hold” rating in a research note on Thursday, December 19th. Finally, ValuEngine upgraded AK Steel from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $2.38.

AK Steel Company 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.

Featured Story: Profit Margin

Want to see what other hedge funds are holding AKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AK Steel Holding Co. (NYSE:AKS).

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

Receive News & Ratings for AK Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AK Steel and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Cetera Advisors LLC Has $483,000 Stake in Office Properties Income Trust
Cetera Advisors LLC Has $483,000 Stake in Office Properties Income Trust
Cetera Advisors LLC Trims Holdings in Intercontinental Exchange Inc
Cetera Advisors LLC Trims Holdings in Intercontinental Exchange Inc
Unilever NV  Shares Bought by Cetera Advisors LLC
Unilever NV Shares Bought by Cetera Advisors LLC
Allstate Corp  Shares Acquired by Cetera Advisors LLC
Allstate Corp Shares Acquired by Cetera Advisors LLC
14,315 Shares in Johnson & Johnson  Bought by Hummer Financial Advisory Services Inc
14,315 Shares in Johnson & Johnson Bought by Hummer Financial Advisory Services Inc
Cetera Advisors LLC Has $502,000 Holdings in Gilead Sciences, Inc.
Cetera Advisors LLC Has $502,000 Holdings in Gilead Sciences, Inc.


© 2006-2020 Ticker Report