Ak Steel Hldg Corp (AKS) Holder Bw Gestao De Investimentos Ltda Has Raised Its Position by $6.25 Million

April 25, 2018 - By wolcottdaily

AK Steel Holding Corporation (NYSE:AKS) LogoInvestors sentiment increased to 1.13 in 2017 Q4. Its up 0.30, from 0.83 in 2017Q3. It is positive, as 52 investors sold AKS shares while 51 reduced holdings. 44 funds opened positions while 72 raised stakes. 208.02 million shares or 5.36% more from 197.43 million shares in 2017Q3 were reported. Rmb Mgmt Ltd Com holds 288,511 shares or 0.04% of its portfolio. Lpl Financial Ltd Liability Corporation holds 0% or 81,550 shares in its portfolio. Boston Partners holds 703,934 shares or 0% of its portfolio. Northwestern Mutual Wealth Mgmt owns 200 shares for 0% of their portfolio. Shellback Cap L P, Massachusetts-based fund reported 1.20 million shares. Financial Architects Incorporated has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Cubist Systematic Strategies Limited owns 61,503 shares for 0.02% of their portfolio. The Minnesota-based Us National Bank & Trust De has invested 0% in AK Steel Holding Corporation (NYSE:AKS). 64,701 were accumulated by Piedmont Investment Advsrs Lc. Product Limited Liability Corp has invested 0.6% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Shoker Inv Counsel has invested 0.06% in AK Steel Holding Corporation (NYSE:AKS). Mark Sheptoff Planning Llc reported 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Leisure Mgmt reported 0.23% in AK Steel Holding Corporation (NYSE:AKS). Highbridge Lc holds 283,647 shares. 398,076 were accumulated by Luminus Management Ltd Liability.

Bw Gestao De Investimentos Ltda increased its stake in Ak Steel Hldg Corp (AKS) by 83.33% based on its latest 2017Q4 regulatory filing with the SEC. Bw Gestao De Investimentos Ltda bought 1.25 million shares as the company’s stock declined 23.12% with the market. The institutional investor held 2.75 million shares of the steel and iron ore company at the end of 2017Q4, valued at $15.57 million, up from 1.50 million at the end of the previous reported quarter. Bw Gestao De Investimentos Ltda who had been investing in Ak Steel Hldg Corp for a number of months, seems to be bullish on the $1.48 billion market cap company. The stock increased 0.43% or $0.02 during the last trading session, reaching $4.7. About 8.52 million shares traded. AK Steel Holding Corporation (NYSE:AKS) has declined 38.26% since April 25, 2017 and is downtrending. It has underperformed by 49.81% the S&P500.

Bw Gestao De Investimentos Ltda, which manages about $694.93M US Long portfolio, decreased its stake in Eog Resources Inc (NYSE:EOG) by 99,000 shares to 55,000 shares, valued at $5.94 million in 2017Q4, according to the filing.

AK Steel Holding Corporation (NYSE:AKS) Ratings Coverage

Among 14 analysts covering AK Steel Holding (NYSE:AKS), 4 have Buy rating, 2 Sell and 8 Hold. Therefore 29% are positive. AK Steel Holding had 20 analyst reports since November 1, 2017 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Hold” on Wednesday, January 31. Cowen & Co maintained it with “Hold” rating and $7.0 target in Thursday, January 4 report. Jefferies downgraded the shares of AKS in report on Tuesday, January 9 to “Hold” rating. The company was maintained on Wednesday, November 1 by BMO Capital Markets. As per Wednesday, December 20, the company rating was upgraded by Longbow. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, April 17. J.P. Morgan upgraded AK Steel Holding Corporation (NYSE:AKS) rating on Thursday, December 7. J.P. Morgan has “Buy” rating and $7.0 target. The company was downgraded on Wednesday, November 1 by Clarksons Platou. On Wednesday, January 31 the stock rating was downgraded by Bank of America to “Underperform”. KeyBanc Capital Markets maintained the shares of AKS in report on Monday, November 20 with “Hold” rating.

AK Steel Holding Corporation (NYSE:AKS) Institutional Positions Chart

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