AK Steel Holding (AKS) Reaches $6.45 After 8.00% Up Move; Carnegie Capital Asset Management Boosted Schlumberger LTD (SLB) Holding

January 16, 2018 - By Marie Mckinney

The stock of AK Steel Holding Corporation (NYSE:AKS) is a huge mover today! The stock increased 4.20% or $0.26 during the last trading session, reaching $6.45. About 13.14M shares traded. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since January 16, 2017 and is uptrending. It has outperformed by 41.42% the S&P500.The move comes after 8 months positive chart setup for the $2.03 billion company. It was reported on Jan, 16 by Barchart.com. We have $6.97 PT which if reached, will make NYSE:AKS worth $162.48M more.

Carnegie Capital Asset Management Llc increased Schlumberger Ltd (SLB) stake by 5.32% reported in 2017Q3 SEC filing. Carnegie Capital Asset Management Llc acquired 5,972 shares as Schlumberger Ltd (SLB)’s stock declined 11.04%. The Carnegie Capital Asset Management Llc holds 118,217 shares with $7.33 million value, up from 112,245 last quarter. Schlumberger Ltd now has $107.25B valuation. The stock decreased 0.71% or $0.55 during the last trading session, reaching $77.42. About 4.80M shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 16, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

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. On Monday, October 26 the stock rating was downgraded by Bank of America to “Underperform”. The stock has “Market Perform” rating by Cowen & Co on Monday, May 15. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Market Perform” rating by BMO Capital Markets on Wednesday, November 1. On Monday, November 14 the stock rating was upgraded by Morgan Stanley to “Overweight”. Jefferies maintained AK Steel Holding Corporation (NYSE:AKS) on Thursday, September 15 with “Hold” rating. The company was upgraded on Wednesday, December 20 by Longbow. Rosenblatt initiated AK Steel Holding Corporation (NYSE:AKS) on Monday, August 22 with “Buy” rating. Barclays Capital maintained it with “Equal-Weight” rating and $7 target in Thursday, August 3 report. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, June 27. The rating was maintained by Cowen & Co on Thursday, April 27 with “Market Perform”.

Investors sentiment decreased to 0.83 in Q3 2017. Its down 0.49, from 1.32 in 2017Q2. It turned negative, 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. California Public Employees Retirement Systems holds 414,000 shares or 0% of its portfolio. Indexiq Advsr Ltd Liability Corp stated it has 0.03% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). 28,196 were reported by Proshare Advisors Limited Liability Com. 106,671 are owned by Citigroup. Truepoint invested in 0.02% or 223,600 shares. Paloma Ptnrs Management accumulated 39,041 shares. Highbridge Management Limited Liability Corp accumulated 326,694 shares or 0.03% of the stock. Dreman Value L L C invested in 1,852 shares or 0.01% of the stock. Gardner Lewis Asset Mgmt Lp has 0.08% invested in AK Steel Holding Corporation (NYSE:AKS). Credit Suisse Ag owns 613,166 shares or 0% of their US portfolio. Vanguard Grp Inc, a Pennsylvania-based fund reported 28.69 million shares. New York-based Blackrock has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Commerzbank Aktiengesellschaft Fi holds 0.04% or 504,731 shares. Aqr Capital Mgmt owns 200,132 shares. Louisiana State Employees Retirement Systems, Louisiana-based fund reported 127,600 shares.

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

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 $2.03 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 35.64 P/E ratio. The firm also buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania.

Carnegie Capital Asset Management Llc decreased Ishares Tr (SHY) stake by 4,253 shares to 24,146 valued at $2.04M in 2017Q3. It also reduced Stericycle Inc (NASDAQ:SRCL) stake by 10,233 shares and now owns 2,800 shares. Abbvie Inc (NYSE:ABBV) was reduced too.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 127 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Equal Weight” rating on Monday, January 25 by Barclays Capital. Nomura maintained Schlumberger Limited (NYSE:SLB) rating on Tuesday, August 16. Nomura has “Buy” rating and $91 target. The stock has “Hold” rating by Standpoint Research on Wednesday, April 20. On Thursday, May 12 the stock rating was downgraded by Howard Weil to “Sector Ourperform”. Citigroup maintained Schlumberger Limited (NYSE:SLB) rating on Monday, October 5. Citigroup has “Buy” rating and $81 target. The rating was maintained by Jefferies with “Buy” on Friday, June 30. The rating was maintained by BMO Capital Markets on Thursday, July 13 with “Buy”. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by SunTrust on Friday, April 21. RBC Capital Markets maintained it with “Buy” rating and $86.0 target in Friday, October 6 report. Oppenheimer maintained the shares of SLB in report on Monday, October 19 with “Outperform” rating.

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