As Ak Steel Hldg Corp (AKS) Market Valuation Declined, Bw Gestao De Investimentos Ltda Has Increased Its Position

April 25, 2018 - By Richard Conner

AK Steel Holding Corporation (NYSE:AKS) LogoInvestors sentiment increased to 1.13 in Q4 2017. Its up 0.30, from 0.83 in 2017Q3. It improved, 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. Two Sigma Secs Lc owns 55,996 shares for 0.01% of their portfolio. Walleye Trading Limited Liability Corp accumulated 219,793 shares or 0.01% of the stock. Citigroup holds 0% in AK Steel Holding Corporation (NYSE:AKS) or 89,478 shares. 406,445 are held by Great West Life Assurance Can. 375,482 were accumulated by D E Shaw And Inc. Gemmer Asset Management stated it has 0% in AK Steel Holding Corporation (NYSE:AKS). The Wisconsin-based Northwestern Mutual Wealth Com has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Trellus Commerce Lc reported 17,000 shares. Jump Trading Limited Company invested in 0% or 4,936 shares. Price T Rowe Associate Md holds 0% in AK Steel Holding Corporation (NYSE:AKS) or 121,977 shares. Moreover, Pinebridge Investments Lp has 0.04% invested in AK Steel Holding Corporation (NYSE:AKS). Fincl Bank Of America Corp De owns 0% invested in AK Steel Holding Corporation (NYSE:AKS) for 1.49 million shares. Teachers Retirement Sys Of The State Of Kentucky reported 0.01% in AK Steel Holding Corporation (NYSE:AKS). 73,534 were accumulated by Globeflex Capital Limited Partnership. Truepoint Incorporated reported 0.03% in AK Steel Holding Corporation (NYSE:AKS).

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 2.75M shares of the steel and iron ore company at the end of 2017Q4, valued at $15.57M, up from 1.50M 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 8.52M 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 Nvidia Corp (NASDAQ:NVDA) by 18,000 shares to 11,000 shares, valued at $2.13M 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 firm has “Neutral” rating given on Wednesday, November 1 by Clarksons Platou. Bank of America downgraded AK Steel Holding Corporation (NYSE:AKS) on Wednesday, January 31 to “Underperform” rating. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Hold” rating by KeyBanc Capital Markets on Monday, November 20. On Thursday, January 4 the stock rating was maintained by Cowen & Co with “Hold”. The rating was maintained by Cowen & Co with “Hold” on Tuesday, April 17. The stock has “Buy” rating by Longbow on Wednesday, December 20. As per Wednesday, January 31, the company rating was maintained by Cowen & Co. The company was upgraded on Tuesday, November 21 by Credit Suisse. As per Wednesday, November 1, the company rating was maintained by JP Morgan. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, April 17.

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

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