AK Steel Holding Corporation (AKS) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its position in AK Steel Holding Corporation (NYSE:AKS) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,246,664 shares of the basic materials company’s stock after purchasing an additional 243,529 shares during the quarter. American Century Companies Inc. owned 0.40% of AK Steel Holding Corporation worth $6,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AKS. Raymond James Financial Services Advisors Inc. grew its stake in shares of AK Steel Holding Corporation by 0.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,887 shares of the basic materials company’s stock valued at $144,000 after buying an additional 193 shares in the last quarter. World Asset Management Inc grew its stake in shares of AK Steel Holding Corporation by 2.5% in the second quarter. World Asset Management Inc now owns 20,471 shares of the basic materials company’s stock valued at $134,000 after buying an additional 502 shares in the last quarter. Amalgamated Bank grew its stake in shares of AK Steel Holding Corporation by 2.1% in the second quarter. Amalgamated Bank now owns 43,107 shares of the basic materials company’s stock valued at $283,000 after buying an additional 901 shares in the last quarter. Shikiar Asset Management Inc. lifted its holdings in AK Steel Holding Corporation by 2.5% during the 2nd quarter. Shikiar Asset Management Inc. now owns 62,500 shares of the basic materials company’s stock valued at $411,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in AK Steel Holding Corporation by 2.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 61,271 shares of the basic materials company’s stock valued at $403,000 after purchasing an additional 1,605 shares during the last quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.

AK Steel Holding Corporation (AKS) opened at $4.85 on Wednesday. The stock has a market cap of $1,457.89, a PE ratio of 7.12, a P/E/G ratio of 3.73 and a beta of 2.93. AK Steel Holding Corporation has a 1-year low of $4.00 and a 1-year high of $11.39. The company has a current ratio of 1.92, a quick ratio of 0.75 and a debt-to-equity ratio of 11.89.

Several analysts have recently weighed in on AKS shares. Longbow Research restated a “neutral” rating on shares of AK Steel Holding Corporation in a report on Tuesday, October 3rd. Cowen and Company reiterated a “hold” rating and set a $6.00 price target on shares of AK Steel Holding Corporation in a report on Tuesday, October 24th. BMO Capital Markets reiterated a “hold” rating on shares of AK Steel Holding Corporation in a report on Thursday, November 2nd. J P Morgan Chase & Co decreased their price target on AK Steel Holding Corporation from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of AK Steel Holding Corporation in a research report on Thursday, July 27th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $7.38.

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About AK Steel Holding Corporation

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). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico.

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

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