JP Morgan May Have Just Upped Their Stakes in AK Steel Holding Corporation (NYSE:AKS)

December 8, 2017 - By Hazel Jackson

  JP Morgan May Have Just Upped Their Stakes in AK Steel Holding Corporation (NYSE:AKS)

Investors sentiment increased to 1.32 in 2017 Q2. Its up 0.35, from 0.97 in 2017Q1. It improved, as 46 investors sold AK Steel Holding Corporation shares while 57 reduced holdings. 45 funds opened positions while 91 raised stakes. 224.47 million shares or 4.37% less from 234.74 million shares in 2017Q1 were reported.

50,778 are owned by Capstone Asset Management Communications. Peconic Ltd Liability Corporation holds 0.53% or 50,000 shares in its portfolio. Teacher Retirement Systems Of Texas has invested 0.09% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Archford Cap Strategies Ltd Liability Com has invested 1% in AK Steel Holding Corporation (NYSE:AKS). Fifth Third Bancshares stated it has 28,500 shares. Jpmorgan Chase & has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Moreover, Credit Suisse Ag has 0% invested in AK Steel Holding Corporation (NYSE:AKS) for 583,870 shares. Parametric Portfolio Limited Liability Com owns 0% invested in AK Steel Holding Corporation (NYSE:AKS) for 475,697 shares. Point72 Asia (Hong Kong) holds 0.06% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 9,082 shares. Globeflex Capital Ltd Partnership invested in 73,534 shares. Missouri-based First Allied Advisory Service has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Mason Street Limited Liability Corp has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Systematic Fin Mngmt Limited Partnership holds 0.15% or 1.20M shares. 554,014 are owned by Bluemountain Mgmt Lc. Bowling Port Ltd Liability Company invested 0.21% of its portfolio in AK Steel Holding Corporation (NYSE:AKS).

AK Steel Holding Corporation (NYSE:AKS) Stock Upgrade

New York-listed AK Steel Holding Corporation (NYSE:AKS), was raised by equity research analysts at JP Morgan. The firm raised its rating on the $1.63B market capitalized company to a respectable “Overweight” from their past rating of “Neutral”.

Investors sentiment increased to 1.32 in 2017 Q2. Its up 0.35, from 0.97 in 2017Q1. It improved, as 46 investors sold AK Steel Holding Corporation shares while 57 reduced holdings. 45 funds opened positions while 91 raised stakes. 224.47 million shares or 4.37% less from 234.74 million shares in 2017Q1 were reported.

50,778 are owned by Capstone Asset Management Communications. Peconic Ltd Liability Corporation holds 0.53% or 50,000 shares in its portfolio. Teacher Retirement Systems Of Texas has invested 0.09% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Archford Cap Strategies Ltd Liability Com has invested 1% in AK Steel Holding Corporation (NYSE:AKS). Fifth Third Bancshares stated it has 28,500 shares. Jpmorgan Chase & has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Moreover, Credit Suisse Ag has 0% invested in AK Steel Holding Corporation (NYSE:AKS) for 583,870 shares. Parametric Portfolio Limited Liability Com owns 0% invested in AK Steel Holding Corporation (NYSE:AKS) for 475,697 shares. Point72 Asia (Hong Kong) holds 0.06% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 9,082 shares. Globeflex Capital Ltd Partnership invested in 73,534 shares. Missouri-based First Allied Advisory Service has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Mason Street Limited Liability Corp has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Systematic Fin Mngmt Limited Partnership holds 0.15% or 1.20M shares. 554,014 are owned by Bluemountain Mgmt Lc. Bowling Port Ltd Liability Company invested 0.21% of its portfolio in AK Steel Holding Corporation (NYSE:AKS).

AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage

Among 20 analysts covering AK Steel Holding Corporation (NYSE:AKS), 9 have Buy rating, 1 Sell and 10 Hold. Therefore 45% are positive. AK Steel Holding Corporation has $10 highest and $1 lowest target. $6.36’s average target is 22.78% above currents $5.18 stock price. AK Steel Holding Corporation had 75 analyst reports since July 29, 2015 according to SRatingsIntel. JP Morgan upgraded AK Steel Holding Corporation (NYSE:AKS) on Thursday, July 30 to “Overweight” rating. The rating was maintained by Deutsche Bank with “Buy” on Thursday, August 13. The firm has “Buy” rating by J.P. Morgan given on Thursday, December 7. The rating was downgraded by Credit Suisse on Thursday, January 12 to “Neutral”. On Monday, November 20 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The stock of AK Steel Holding Corporation (NYSE:AKS) has “Buy” rating given on Friday, June 23 by Deutsche Bank. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Hold” rating by Deutsche Bank on Monday, December 5. As per Tuesday, October 24, the company rating was maintained by Cowen & Co. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Neutral” rating by Longbow on Thursday, July 27. Morgan Stanley upgraded AK Steel Holding Corporation (NYSE:AKS) on Monday, November 14 to “Overweight” rating.

The stock increased 2.98% or $0.15 during the last trading session, reaching $5.18. About 26.04 million shares traded or 56.22% up from the average. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since December 8, 2016 and is uptrending. It has outperformed by 41.42% the S&P500.

Analysts await AK Steel Holding Corporation (NYSE:AKS) to report earnings on January, 23. They expect $-0.11 earnings per share, down 144.00 % or $0.36 from last year’s $0.25 per share. After $0.02 actual earnings per share reported by AK Steel Holding Corporation for the previous quarter, Wall Street now forecasts -650.00 % negative EPS growth.

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the United States and internationally. The company has market cap of $1.63 billion. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; specialty stainless and electrical steels in sheet and strip forms; and carbon and stainless steel that is finished into welded steel tubing. It has a 28.62 P/E ratio. The firm also buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania.

More news for AK Steel Holding Corporation (NYSE:AKS) were recently published by: Streetinsider.com, which released: “Form 8-K AK STEEL HOLDING CORP For: Nov 28” on November 28, 2017. Benzinga.com‘s article titled: “AK Steel Upgraded On Expectations Of Higher Steel Prices” and published on December 07, 2017 is yet another important article.

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