AK Steel Holding Corporation (NYSE:AKS) has made a 80.72% comeback from a 12-month low price of $1.66. It was seen 18.11% higher, changing the price to $3, when the closing bell rang on 7/30/2019. At a recent session, the prices were hovering between $2.51 and $3.03. This company shares are -36% up from its target price of $1.92 and the current market capitalization stands at $941.37M. The recent change has given its price a 37.53% lead over SMA 50 and -44.24% deficit over its 52-week high. The stock witnessed 26.58% gains, 23.97% gains and 6.01% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AKS’s volatility during a week at 8.44% and during a month it has been found around 6.32%.

What Does AK Steel Holding Corporation (AKS) Do?

The company describes itself in regulatory filings as, “AK Steel Holding Corp. engages in the production of flat-rolled carbon; stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, distributors and converters markets. The firm operates steelmaking and finishing, coke, and tube manufacturing plants. The company was founded in 1993 and is headquartered in West Chester, OH.” [Text can be found here: https://www.marketwatch.com/investing/stock/AKS/profile under company description.]

AK Steel Holding Corporation (AKS) Top Holders

Institutional investors currently hold around $487 million or 61.9% in AKS stock. Look at its top three institutional owners: Blackrock Inc. owns $117.06 million in AK Steel Holding Corporation, which represents roughly 12.44% of the company’s market cap and approximately 24.04% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 33,011,442 shares of the stock are valued at $83.85 million. The third largest holder is State Street Corp, which currently holds $42.34 million worth of this stock and that ownership represents nearly 4.5% of its market capitalization.

AK Steel Holding Corporation 13F Filings

At the end of March reporting period, 105 institutional holders increased their position in AK Steel Holding Corporation (NYSE:AKS) by some 11,751,330 shares, 109 decreased positions by 20,379,579 and 53 held positions by 159,617,457. That puts total institutional holdings at 191,748,366 shares, according to SEC filings. The stock grabbed 31 new institutional investments totaling 3,813,088 shares while 44 institutional investors sold out their entire positions totaling 5,885,641 shares.

AK Steel Holding Corporation (NYSE:AKS) Insider Trades

Multiple company employees have indulged in significant insider trading. AK Steel Holding Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Newport Roger K has acquired 10,000 shares of AK Steel Holding Corporation (AKS) in the trading session dated Nov. 27, 2018. These shares are worth $30,300 and were traded at $3.03 each. The SEC filing shows that Newport Roger K performed a purchase of 10,000 shares. The CEO added these shares by way of transaction on Aug. 15, 2018. The company’s shares were assimilated at $4.03 per share worth to an investment of some $40,300 to the account of Newport Roger K.

VP Gen Counsel & Corp Sec, Alter Joseph C, purchased 2,500 common shares of AK Steel Holding Corporation (AKS) in the open market. In a transaction dated Aug. 15, 2018, the shares were bought at an average price of $4.1, giving away a sum of $10,250. After this purchase, 67,100 common shares of AKS are directly owned by the insider, with total stake valued at $201,300.

In the transaction dated May. 31, 2018, a great number of shares sold came courtesy the Director; GERBER WILLIAM K disposed a total of 12,000 shares at an average price of $4.65, amounting to approximately $55,800. The insider now directly owns 144,095 shares worth $432,285.

AK Steel Holding Corporation (AKS) Analyst Guide

Several analysts have released their opinion on AK Steel Holding Corporation (NYSE:AKS), with 0 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 1 buy, 2 sell and 1 strong sell ratings, collectively assigning a 3.21 average brokerage recommendation [T1].