AK Steel Holding (AKS) Reaches $6.19 After 3.00% Down Move; Shorts at CROMBIE REAL ESTATE (CROMF) Raised By 3.02%

January 14, 2018 - By Michael Collier

The stock of AK Steel Holding Corporation (NYSE:AKS) is a huge mover today! The stock decreased 3.73% or $0.24 during the last trading session, reaching $6.19. About 22.10M shares traded or 25.25% up from the average. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since January 14, 2017 and is uptrending. It has outperformed by 41.42% the S&P500.The move comes after 9 months negative chart setup for the $1.95 billion company. It was reported on Jan, 14 by Barchart.com. We have $6.00 PT which if reached, will make NYSE:AKS worth $58.47 million less.

CROMBIE REAL ESTATE (OTCMKTS:CROMF) had an increase of 3.02% in short interest. CROMF’s SI was 98,800 shares in January as released by FINRA. Its up 3.02% from 95,900 shares previously. With 3,200 avg volume, 31 days are for CROMBIE REAL ESTATE (OTCMKTS:CROMF)’s short sellers to cover CROMF’s short positions. It closed at $10.7501 lastly. It is down 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.




Crombie Real Estate Investment Trust operates as an open-ended real estate investment trust. The company has market cap of $1.62 billion. It owns and manages commercial real estate properties in Atlantic Canada. It has a 11.83 P/E ratio. The firm invests in retail, office, and mixed-use properties.

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless, and electrical steels and tubular products in the United States and internationally. The company has market cap of $1.95 billion. It produces flat-rolled carbon steel products, including coated, cold-rolled, and hot-rolled carbon steel products; specialty stainless and electrical steels in sheet and strip forms; and carbon and stainless steel that is finished into welded steel tubing. It has a 34.2 P/E ratio. The firm also buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania.

Investors sentiment decreased to 0.83 in Q3 2017. Its down 0.49, from 1.32 in 2017Q2. It dropped, as 40 investors sold AK Steel Holding Corporation shares while 80 reduced holdings. 39 funds opened positions while 61 raised stakes. 197.43 million shares or 12.04% less from 224.47 million shares in 2017Q2 were reported. Ontario – Canada-based Cibc Asset Management Inc has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Aperio Lc has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Scotia has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Principal Group Inc Inc holds 2.42 million shares. Ls Advsrs Ltd Com has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Globeflex Limited Partnership holds 0.12% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 73,534 shares. Piedmont Inv Ltd reported 0.01% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Aqr Lc has 200,132 shares. Metropolitan Life Insurance Co New York holds 0.01% or 212,727 shares. Systematic Mngmt L P owns 192,087 shares. Ellington Mgmt Group Ltd, Connecticut-based fund reported 108,600 shares. Truepoint Incorporated holds 223,600 shares or 0.02% of its portfolio. Atlantic Trust Gru Ltd Liability has 10,865 shares for 0% of their portfolio. Quantbot Ltd Partnership, a New York-based fund reported 162,653 shares. Deutsche Bankshares Ag has 1.25 million shares.

Among 20 analysts covering AK Steel Holding Corporation (NYSE:AKS), 9 have Buy rating, 1 Sell and 10 Hold. Therefore 45% are positive. AK Steel Holding Corporation had 78 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of AK Steel Holding Corporation (NYSE:AKS) has “Outperform” rating given on Tuesday, November 21 by Credit Suisse. On Thursday, July 30 the stock rating was upgraded by JP Morgan to “Overweight”. Deutsche Bank maintained AK Steel Holding Corporation (NYSE:AKS) on Thursday, August 13 with “Buy” rating. The rating was maintained by Jefferies on Monday, June 26 with “Buy”. On Thursday, April 27 the stock rating was maintained by Cowen & Co with “Market Perform”. BB&T Capital initiated the shares of AKS in report on Thursday, September 10 with “Hold” rating. The stock has “Buy” rating by Jefferies on Thursday, July 27. The firm has “Hold” rating by Jefferies given on Tuesday, January 9. The rating was upgraded by Macquarie Research on Wednesday, July 29 to “Outperform”. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Hold” rating by Jefferies on Wednesday, July 27.

Analysts await AK Steel Holding Corporation (NYSE:AKS) to report earnings on January, 23. They expect $-0.15 earnings per share, down 160.00% or $0.40 from last year’s $0.25 per share. After $0.02 actual earnings per share reported by AK Steel Holding Corporation for the previous quarter, Wall Street now forecasts -850.00% negative EPS growth.

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