Traders Alert: AK Steel Holding Corp (AKS)

Marco Green
September 14, 2017

Previously AK Steel Holding Corp (NYSE:AKS) reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. About 995,975 shares traded. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since September 13, 2016 and is uptrending.

David Dreman increased its stake in Meritage Corp. Point72 Asset Management, L.p. now holds 300,000 shares with a value of $1,971,000. However the company reported $0.21 earnings per share for the same quarter during past year. Institutional investors and hedge funds own 72.86% of the company's stock. The stock increased 0.39% or $0.53 on September 8, reaching $137.57.

Support is likely to come between $5.75 a share to $5.64 a share level. It has outperformed by 0.96% the S&P500.

Since March 15, 2017, it had 0 insider buys, and 3 sales for $768,211 activity. HADDOCK GERALD W sold $183,800 worth of stock. The stock of AK Steel Holding Corporation (NYSE:AKS) earned "Buy" rating by Clarkson Capital on Friday, May 26. AK Steel Holding Corporation had 61 analyst reports since July 29, 2015 according to SRatingsIntel. Its minimum price target estimates has been figured out at $7 while the maximum price target forecast is established at $11. They now have a Dollars 10 price target on the stock. Checchi Capital Advisers Ltd Limited Liability Company owns 5,460 shares. The stock has "Neutral" rating by Macquarie Research on Tuesday, November 29. Barclays Capital has "Equal-Weight" rating and $2 target. The firm has "Overweight" rating given on Monday, April 25 by Morgan Stanley. Cowen & Co maintained it with "Buy" rating and $9500 target in Friday, July 7 report.

More notable recent Meritage Homes Corp (NYSE:MTH) news were published by: Fool.com which released: "Meritage Homes Corp Builds Better Results on Strong Orders, New Communities" on May 01, 2017, also Globenewswire.com with their article: "Meritage Homes to Develop New Spring Brook Village Community in Houston" published on May 01, 2017, Seekingalpha.com published: "Meritage Homes (MTH) Q2 2017 Results - Earnings Call Transcript" on August 01, 2017. The stock has a beta value of 2.89. Cwm owns 1,404 shares. Alps Advisors has an ownership of 17,639 stocks of the basic materials firms shares valued at $116,000 following acquiring an extra 4,573 shares through out the quarter. Its up 0.25, from 1 in 2016Q3. It dived, as 13 investors sold MTH shares while 51 reduced holdings. 65 funds opened positions while 91 raised stakes. (NYSE:HON). Exchange Capital Mgmt holds 0.01% or 230 shares. Wellington Group Ltd Liability Partnership invested in 73,158 shares or 0% of the stock. The analysts estimated mean EPS at 0.09 while the high and low EPS estimate stand at 0.26 and -0.02 respectively. Retail Bank Of America De stated it has 0.21% in PPL Corp (NYSE:PPL). The Company's price to free cash flow for trailing twelve months is 25.54. 700 are held by Creative Planning. Citadel Ltd owns 1.17M shares or 0.01% of their USA portfolio. State Board Of Administration Of Florida Retirement Sys owns 114,952 shares. Profund Lc reported 0.02% of its portfolio in Meritage Homes Corp (NYSE:MTH).

Investors sentiment decreased to 0.96 in 2016 Q4. Zurcher Kantonalbank (Zurich Cantonalbank) reported 9,367 shares. Albion Fincl Group Inc Ut accumulated 0.08% or 4,000 shares. Amf Pensionsforsakring Ab holds 0.11% of its portfolio in Phillips 66 (NYSE:PSX) for 113,970 shares.

The share price of AK Steel Holding Corporation (NYSE:AKS) was up +0.52% during the last trading session, with a day high of 5.80. Therefore 33% are positive. Columbia Partners Llc Investment Management acquired 532,946 shares as Ak Steel Holding Corp (AKS)'s stock declined 37.22%. As per Wednesday, July 27, the company rating was maintained by Jefferies. As per Monday, August 22, the company rating was initiated by Citigroup.

03/22/2017 - AK Steel Holding Corporation had its "neutral" rating reiterated by analysts at JP Morgan. Deutsche Bank downgraded AK Steel Holding Corporation (NYSE:AKS) on Monday, October 5 to "Hold" rating.

Covering sell-side analysts have recently weighed in on shares of AK Steel Holding Corporation (NYSE:AKS). The stock now has Weekly Volatility of 3.50% and Monthly Volatility of 4.04%. Credit Suisse upgraded it to "Outperform" rating and $7 target in Wednesday, June 8 report.

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