Economy

Featured Stock to See: AK Steel Holding Corporation (AKS)

Its investment was valued at $33,995,000 a decrease of 16.0% as of the end of the quarter. Cowen and Company restated a "market perform" rating and set a $4.00 price target (down from $6.00) on shares of AK Steel Holding Corporation in a report on Monday, November 6th. DekaBank Deutsche Girozentrale now owns 8,337 shares of the company's stock worth $133,000 after buying an additional 3,160 shares in the last quarter. Alps Advisors Inc. lifted its position in AK Steel Holding Corporation by 35.0% in the second quarter. DekaBank Deutsche Girozentrale increased its stake in United States Steel Corp.by 61.0% in the second quarter. Oppenheimerfunds, Inc. now owns 707,505 shares with a value of $3,955,000. Finally, Marshall Wace North America L.P. raised its stake in United States Steel Corporation by 1,000.6% in the 2nd quarter. Ubs Asset Management Americas Inc now controls 4,591 shares worth $25,664,000.

At the session level, shares of Immunomedics, Inc.(NASDAQ:IMMU) moved -19.48% from the open. The company operates in the Basic Materials sector with a market capitalization of 1.34 Million. AK Steel Holding Corporation has a 12 month low of $4.05 and a 12 month high of $11.39. Looking at the stock's movement on the chart, United States Steel Corporation recorded a 52-week high of $41.83.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings results on Tuesday, October 31st.

For the current quarter, 12 analysts are projecting a mean EPS of $-0.13/share. For the current year the company's revenue estimates are $6.02 Billion compared to low analyst estimates of $5.94 Billion and high estimates of $6.05 Billion according to the prediction of 10 analysts.

The stock has Return on Assets (ROA) of 1.3 percent. United States Steel Corporation's quarterly revenue was up 20.9% compared to the same quarter previous year.

AK Steel Holding Corp (NYSE:AKS) shares traded on 1.65% above secure line and closed at $4.3. This represents a $0.20 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, November 8th.

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Several other institutional investors have also sold shares of the company. The shares were bought at an average price of $26.89 per share, for a total transaction of $107,560.00. The NYSE-listed company saw a recent bid of $4.30 on volume of 8.56 million shares. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 73.9 Percent. The disclosure for this purchase can be found here. Its minimum price target estimates has been figured out at $4 while the maximum price target forecast is established at $8. Finally, KeyCorp reissued a hold rating on shares of AK Steel Holding Corporation in a report on Tuesday, September 19th. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. Citigroup Inc. dropped their target price on shares of AK Steel Holding Corporation from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, November 2nd.

November 2 investment analysts at BMO Capital Markets reiterated a "Hold" rating on the stock. AK Steel Holding Corporation now has an average rating of Hold and a consensus target price of $7.56.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel).



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