Today, the VP Gen Counsel & Corp Sec of AK Steel Holding (NYSE: AKS), Joseph Alter, bought shares of AKS for $10.25K.
Following this transaction Joseph Alter’s holding in the company was increased by 3.87% to a total of $280.5K.
See today’s analyst top recommended stocks >>
Based on AK Steel Holding’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.75 billion and quarterly net profit of $56.6 million. In comparison, last year the company earned revenue of $1.56 billion and had a net profit of $61.1 million. The Company has a Price to Book ratio of 46.0860. Currently, AK Steel Holding has an average volume of 3.47M.
13 different firms, including BMO Capital and Merrill Lynch, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $4.67, reflecting a -12.0% downside.
The insider sentiment on AK Steel Holding has been negative according to 93 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
AK Steel Holding Corp. engages in the production of flat-rolled carbon; stainless and electrical steels; and tubular products through its wholly-owned subsidiary, AK Steel Corp. The firm operates steelmaking and finishing plants; coke plants; and tube manufacturing plants. It also produces metallurgical coal.
