Miller Howard Investments Lowered Its Forum Energy Technologies (FET) Holding by $730,905 as Share Price Declined; D-C-Capital Advisors LTD Has Boosted Its Ak Steel Holding (AKS) Stake by $3.00 Million

May 16, 2018 - By Vivian Park

AK Steel Holding Corporation (NYSE:AKS) Logo

D-C-Capital Advisors Ltd increased its stake in Ak Steel Holding Corp (AKS) by 50% based on its latest 2017Q4 regulatory filing with the SEC. D-C-Capital Advisors Ltd bought 600,000 shares as the company’s stock declined 23.12% with the market. The institutional investor held 1.80M shares of the steel and iron ore company at the end of 2017Q4, valued at $10.19M, up from 1.20M at the end of the previous reported quarter. D-C-Capital Advisors Ltd who had been investing in Ak Steel Holding Corp for a number of months, seems to be bullish on the $1.49 billion market cap company. The stock increased 6.08% or $0.27 during the last trading session, reaching $4.71. About 19.88M shares traded or 15.63% up from the average. AK Steel Holding Corporation (NYSE:AKS) has declined 38.26% since May 16, 2017 and is downtrending. It has underperformed by 49.81% the S&P500.

Miller Howard Investments Inc decreased its stake in Forum Energy Technologies Inc (FET) by 13.69% based on its latest 2017Q4 regulatory filing with the SEC. Miller Howard Investments Inc sold 48,727 shares as the company’s stock declined 28.81% with the market. The institutional investor held 307,224 shares of the energy company at the end of 2017Q4, valued at $4.78M, down from 355,951 at the end of the previous reported quarter. Miller Howard Investments Inc who had been investing in Forum Energy Technologies Inc for a number of months, seems to be less bullish one the $1.67B market cap company. The stock increased 3.72% or $0.55 during the last trading session, reaching $15.35. About 1.30M shares traded or 10.74% up from the average. Forum Energy Technologies, Inc. (NYSE:FET) has declined 41.26% since May 16, 2017 and is downtrending. It has underperformed by 52.81% the S&P500.

Another recent and important Forum Energy Technologies, Inc. (NYSE:FET) news was published by Globenewswire.com which published an article titled: “Consolidated Research: 2018 Summary Expectations for EQT, NiSource, Vulcan Materials, General Growth Properties …” on May 10, 2018.

Since March 2, 2018, it had 1 insider purchase, and 0 selling transactions for $956,700 activity.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.29, from 1.34 in 2017Q3. It worsened, as 15 investors sold FET shares while 43 reduced holdings. 22 funds opened positions while 39 raised stakes. 95.28 million shares or 2.47% less from 97.69 million shares in 2017Q3 were reported. 1.36 million are owned by Voya Management Limited. Contrarius holds 0.19% or 246,034 shares in its portfolio. Sir Cap Management LP accumulated 2.43% or 707,532 shares. State Of Wisconsin Invest Board owns 445,000 shares. 1.43 million are held by Northern. Amalgamated State Bank stated it has 10,751 shares. New York-based Clearbridge Ltd Liability Corp has invested 0.01% in Forum Energy Technologies, Inc. (NYSE:FET). Glenmede Communication Na stated it has 0% in Forum Energy Technologies, Inc. (NYSE:FET). Btim Corporation reported 846,366 shares. Round Table Lc holds 132,445 shares. California State Teachers Retirement has invested 0% in Forum Energy Technologies, Inc. (NYSE:FET). Price T Rowe Assoc Md reported 1.83 million shares. Blackrock Incorporated reported 5.33 million shares. 19,089 are owned by Fdx. Waddell And Reed holds 0.05% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET) for 1.38M shares.

Among 23 analysts covering Forum Energy Technologies (NYSE:FET), 5 have Buy rating, 0 Sell and 18 Hold. Therefore 22% are positive. Forum Energy Technologies had 73 analyst reports since July 28, 2015 according to SRatingsIntel. On Thursday, March 23 the stock rating was maintained by Jefferies with “Hold”. The company was upgraded on Friday, September 23 by Barclays Capital. Piper Jaffray maintained the shares of FET in report on Sunday, April 8 with “Hold” rating. Citigroup maintained Forum Energy Technologies, Inc. (NYSE:FET) on Wednesday, May 2 with “Neutral” rating. On Monday, July 27 the stock rating was maintained by Cowen & Co with “Outperform”. The stock has “Hold” rating by Cowen & Co on Friday, July 7. The firm has “Buy” rating given on Friday, March 31 by Credit Suisse. On Wednesday, July 13 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Buy” rating by Gabelli given on Friday, March 10. Cowen & Co downgraded Forum Energy Technologies, Inc. (NYSE:FET) rating on Friday, October 14. Cowen & Co has “Market Perform” rating and $18 target.

Analysts await Forum Energy Technologies, Inc. (NYSE:FET) to report earnings on July, 26. They expect $-0.02 EPS, up 80.00% or $0.08 from last year’s $-0.1 per share. After $-0.07 actual EPS reported by Forum Energy Technologies, Inc. for the previous quarter, Wall Street now forecasts -71.43% EPS growth.

Miller Howard Investments Inc, which manages about $6.68 billion and $4.60B US Long portfolio, upped its stake in Ishares Tr Russell 3000 Etf (IWV) by 68,143 shares to 101,364 shares, valued at $16.03 million in 2017Q4, according to the filing. It also increased its holding in Lyondellbasell Industries N V (NYSE:LYB) by 91,634 shares in the quarter, for a total of 873,294 shares, and has risen its stake in Verizon Communications Inc Com (NYSE:VZ).

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.30, from 0.83 in 2017Q3. It increased, 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. Rothschild Asset Management Inc holds 0.05% or 763,743 shares. Nj State Employees Deferred Compensation Plan has 260,000 shares. Oppenheimer & Company invested in 0% or 27,500 shares. San Francisco Sentry Inv Gru (Ca) has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Grp has invested 0% in AK Steel Holding Corporation (NYSE:AKS). Moreover, Alliancebernstein LP has 0% invested in AK Steel Holding Corporation (NYSE:AKS) for 399,223 shares. Conning invested in 10,430 shares or 0% of the stock. Cwm Limited Liability Corp reported 1,404 shares or 0% of all its holdings. Deutsche National Bank Ag reported 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Profund Ltd Co stated it has 48,582 shares. First Republic Invest Mgmt has 0% invested in AK Steel Holding Corporation (NYSE:AKS). Architects Inc stated it has 2,700 shares or 0% of all its holdings. Prelude Capital Management Limited Liability Com, New York-based fund reported 27,406 shares. Schwab Charles Invest Mngmt has invested 0.01% in AK Steel Holding Corporation (NYSE:AKS). Ameriprise reported 4.19 million shares.

Since May 8, 2018, it had 0 insider buys, and 1 sale for $45,712 activity.

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

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