AK Steel Holding Corporation (AKS) Lifted to Hold at Zacks Investment Research

The high-yield debt issue has a 6.65% coupon and is set to mature on June 1, 2037. As of December 31, 2016, the Company's in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

A number of research analysts have weighed in on X shares. Jefferies Group LLC restated a buy rating and set a $9.00 price objective on shares of AK Steel Holding Corporation in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Timken Steel Corporation from a "hold" rating to a "buy" rating and set a $18.00 price objective for the company in a report on Tuesday, July 18th.

Among 18 analysts covering AK Steel Holding Corporation (NYSE:AKS), 6 have Buy rating, 1 Sell and 11 Hold. UBS Asset Management Americas Inc. raised its stake in AK Steel Holding Corporation by 187.8% in the fourth quarter. J P Morgan Chase & Co reiterated an overweight rating and issued a $46.00 price target (up from $39.00) on shares of United States Steel Corporation in a research report on Wednesday, March 22nd.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 2 analysts "outperform", 2 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". 8 told the investors of the company to "Hold" stock.

Shares of United States Steel Corporation (X) traded down 3.15% during trading on Friday, hitting $23.09.

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The company is now down from yesterday's close of $5.37. Shares last traded at $5.11 significantly lower than the 50 day moving average of $6.08 and well below the 200 day moving average of $6.83. Teachers Advisors LLC now owns 4,963,762 shares of the basic materials company's stock worth $50,680,000 after buying an additional 3,141,703 shares in the last quarter. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.06.

The Ontario - Canada-based Manufacturers Life Insur The has invested 0% in AK Steel Holding Corporation (NYSE:AKS). During the same period past year, the company earned ($0.32) EPS. For the current quarter AK Steel Holding Corp (NYSE:AKS) has high EPS estimates of $0.1 in contradiction of low EPS estimates of $0.01.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. Citigroup initiated AK Steel Holding Corporation (NYSE:AKS) on Monday, August 22 with "Neutral" rating. United States Steel Corporation's payout ratio is presently 125.00%. The stock was bought at an average price of $19.31 per share, with a total value of $28,965.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Cowen & Co maintained the stock with "Market Perform" rating in Wednesday, October 26 report. The shares were bought at an average cost of $19.31 per share, with a total value of $28,965.00. Following the completion of the acquisition, the director now owns 12,377 shares in the company, valued at $238,999.87. The disclosure for this purchase can be found here. Institutional investors and hedge funds own 77.43% of the company's stock. Legal And General Grp Inc Public Limited has 0.01% invested in AK Steel Holding Corporation (NYSE:AKS). Acrospire Investment Management LLC now owns 8,090 shares of the basic materials company's stock valued at $153,000 after buying an additional 5,475 shares in the last quarter.

The share of AK Steel Holding Corporation (AKS) now has a value of $5.33 while the company's 52 week low is at $3.87, the shares dropped to the 52 week low on 09/13/16. Shikiar Asset Management Inc. now owns 62,500 shares of the basic materials company's stock worth $411,000 after buying an additional 1,500 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in United States Steel Corporation by 1.1% in the first quarter. State Street Corp now owns 5,547,843 shares of the basic materials company's stock valued at $187,574,000 after buying an additional 27,483 shares during the period. Css Lc Il holds 0.06% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 114,915 shares.

Institutional investors now hold around $1.33 billion or 79.9% in AKS stock. If you are accessing this story on another domain, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark laws.

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