Should Investors Take a Bite out of AK Steel Holding Corporation (AKS)?

Remigio Civitarese
Settembre 17, 2017

LLC grew its position in United States Steel Corporation by 221.0% in the 2nd quarter. LLC now owns 5,473 shares of the basic materials company's stock valued at $121,000 after purchasing an additional 3,768 shares in the last quarter. Benefit Street Partners LLC acquired a new position in AK Steel Holding Corporation during the 2nd quarter worth approximately $4,008,000. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company's stock valued at $154,000 after purchasing an additional 674 shares in the last quarter. The short interest to AK Steel Holding Corporation's float is 21.99%.

IMAX Corporation (NYSE:IMAX)'s earnings per share has been growing at a 13.4 percent rate over the past 5 year when average revenue increase was noted as 9.8 percent. If you are reading this news story on another site, it was stolen and republished in violation of U.S. and global copyright & trademark laws. The original version of this news story can be viewed at https://www.truebluetribune.com/2017/09/16/macquarie-begins-coverage-on-united-states-steel-corporation-x.html. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since September 14, 2016 and is uptrending. Citigroup initiated the shares of AKS in report on Monday, August 22 with "Neutral" rating. Credit Suisse maintained United States Steel Corporation (NYSE:X) on Tuesday, June 20 with "Outperform" rating. Finally, Jefferies Group LLC reissued a "buy" rating and issued a $32.00 price objective on shares of United States Steel Corporation in a report on Thursday, August 31st. The stock has "Neutral" rating by Northland Capital on Wednesday, March 9. The consensus analyst target price is $28.

Shares of United States Steel Corporation (NYSE:X) opened at 25.09 on Friday. The stock has a market cap of $1.75 billion, a P/E ratio of 14.55 and a beta of 2.87. The price has been moving in both directions for this period, and there has been a -2.77% loss over 10-day period. United States Steel Corporation has a 12-month low of $16.17 and a 12-month high of $41.83.

United States Steel Corporation most recently reported earnings per share (EPS) of $1.07 for the June 2017 versus -$0.31 in the same quarter a year ago, representing -445% growth.

United States Steel Corporation, launched on May 25, 2001, is an integrated steel producer. The business's quarterly revenue was down 8.0% compared to the same quarter past year. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

Among 18 analysts covering AK Steel Holding Corporation (NYSE:AKS), 6 have Buy rating, 1 Sell and 11 Hold.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. The dividend was $0.050 per share for the quarter which is $0.20 annualized. The ex-dividend date was Monday, August 7th. United States Steel Corporation's dividend payout ratio (DPR) is presently 125.00%. The shares were purchased at an average cost of $26.89 per share, with a total value of $107,560.00. Riverhead Cap Mgmt Lc holds 0.01% or 8,800 shares in its portfolio. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. The disclosure for this purchase can be found here. Old Mutual Customised Solutions (Proprietary) reported 7,300 shares.

Looking forward, the company's quarterly earnings are expected to come at $1.28 in the three months through September 2017 and $1.7 in the quarter ending December 2017, reflecting 45.45% and 37.1% growth, respectively.

AK Steel Holding Corporation (NYSE:AKS) had a decrease of 0.27% in short interest. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe. In addition, it operates trading companies in Mexico and Europe that buy and sell steel, and steel products and other materials.

Hedge funds have recently modified their holdings of the business.

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