AK Steel Holding Corporation (AKS): Are Hedge Funds Right About This Stock?

Page 1 of 2

In the financial world, there are a multitude of indicators investors can use to analyze their holdings. A couple of the most underrated are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top money managers can trounce the S&P 500 by a healthy amount (see just how much).

Equally as useful, optimistic insider trading activity is a second way to analyze the stock market universe. There are plenty of incentives for a corporate insider to sell shares of his or her company, but just one, very clear reason why they would buy. Several empirical studies have demonstrated the market-beating potential of this strategy if you know where to look (learn more here).

What’s more, we’re going to discuss the latest info about AK Steel Holding Corporation (NYSE:AKS).

AK Steel Holding Corporation (NYSE:AKS)

What does the smart money think about AK Steel Holding Corporation (NYSE:AKS)?

At Q2′s end, a total of 12 of the hedge funds we track were long in this stock, a change of -14% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were boosting their holdings substantially.

When using filings from the hedgies we track, AQR Capital Management, managed by Cliff Asness, holds the largest position in AK Steel Holding Corporation (NYSE:AKS). AQR Capital Management has a $7.1 million position in the stock, comprising less than 0.1%% of its 13F portfolio. Sitting at the No. 2 spot is Martin Whitman of Third Avenue Management, with a $2.2 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedge funds with similar optimism include Brian Taylor’s Pine River Capital Management, Peter Troob’s Troob Capital Management and D. E. Shaw’s D E Shaw.

Because AK Steel Holding Corporation (NYSE:AKS) has witnessed bearish sentiment from the entirety of the hedge funds we track, it’s safe to say that there was a specific group of hedgies that elected to cut their entire stakes last quarter. At the top of the heap, Matthew Tewksbury’s Stevens Capital Management sold off the largest stake of all the hedgies we track, totaling close to $0.5 million in call options.. Matthew Hulsizer’s fund, PEAK6 Capital Management, also sold off its call options., about $0.1 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest fell by 2 funds last quarter.

What have insiders been doing with AK Steel Holding Corporation (NYSE:AKS)?

Legal insider trading, particularly when it’s bullish, is best served when the company in focus has seen transactions within the past 180 days. Over the last half-year time period, AK Steel Holding Corporation (NYSE:AKS) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to AK Steel Holding Corporation (NYSE:AKS). These stocks are Universal Stainless & Alloy Products (NASDAQ:USAP), Metals USA Holdings Corp (NYSE:MUSA), Northwest Pipe Company (NASDAQ:NWPX), Insteel Industries Inc (NASDAQ:IIIN), and Gibraltar Industries Inc (NASDAQ:ROCK). This group of stocks are in the steel & iron industry and their market caps are similar to AKS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!