Credit Suisse Ag Has Upped Its Position in Ak Stl Hldg (AKS) as Valuation Declined; Kingstown Capital Management LP Continues to Hold Stake in Pg&E (PCG)

June 16, 2018 - By wolcottdaily

AK Steel Holding Corporation (NYSE:AKS) Logo

Credit Suisse Ag increased its stake in Ak Stl Hldg Corp (AKS) by 44.84% based on its latest 2018Q1 regulatory filing with the SEC. Credit Suisse Ag bought 224,215 shares as the company’s stock declined 20.88% with the market. The institutional investor held 724,215 shares of the steel and iron ore company at the end of 2018Q1, valued at $3.28 million, up from 500,000 at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Ak Stl Hldg Corp for a number of months, seems to be bullish on the $1.47B market cap company. The stock decreased 2.71% or $0.13 during the last trading session, reaching $4.67. About 27.92M shares traded or 107.16% up from the average. AK Steel Holding Corporation (NYSE:AKS) has declined 24.75% since June 16, 2017 and is downtrending. It has underperformed by 37.32% the S&P500. Some Historical AKS News: 21/05/2018 – U.S. slaps heavy duties on Chinese steel from Vietnam; 10/05/2018 – AK Steel Research and Innovation Team Receives Award from Auto/Steel Partnership For Contribution to Research on Innovative Lig; 30/05/2018 – AK Steel Launches TRAN-COR® X — New Grain Oriented Electrical Steel for Power Transformers; 15/05/2018 – Saba Adds Chesapeake Energy, Exits AK Steel, Cuts Cisco: 13F; 09/05/2018 – AK Steel’s Middletown Works and Mountain State Carbon Coke Plants Recognized for Outstanding Safety Performance; 01/05/2018 – AKS, U.S. STEEL FALL AFTER U.S. EXTENDS TEMPORARY TARIFF RELIEF; 01/05/2018 – AK STEEL CEO ROGER NEWPORT SPEAKS AT INDUSTRY CONFERENCE; 30/04/2018 – AK Steel Sees 2Q Flat-Rolled Shipments Up 5%-7% vs 1Q; 30/04/2018 – AK Steel: Remain Optimistic About 2018; 30/04/2018 – AK Steel Expects Market Conditions Will Strengthen in 2Q vs 1Q

Michael Blitzer increased its stake in Pg&E Corp (PCG) by 50% based on its latest 2018Q1 regulatory filing with the SEC. Kingstown Capital Management Lp bought 500,000 shares as the company’s stock rose 8.77% while stock markets declined. The hedge fund run by Michael Blitzer held 1.50 million shares of the power generation company at the end of 2018Q1, valued at $65.90 million, up from 1.00M at the end of the previous reported quarter. Kingstown Capital Management Lp who had been investing in Pg&E Corp for a number of months, seems to be bullish on the $20.76B market cap company. The stock increased 0.78% or $0.31 during the last trading session, reaching $40.2. About 10.23 million shares traded or 131.81% up from the average. PG&E Corporation (NYSE:PCG) has declined 33.63% since June 16, 2017 and is downtrending. It has underperformed by 46.20% the S&P500. Some Historical PCG News: 18/05/2018 – Giant Buffett Solar Farm’s Credit Threatened by PG&E Fire Risk; 19/03/2018 – Moody’s: Rating Downgrade Recognizes Final Causes of California Wildfires Have yet to Be Determined, Potentially Exposing PCG to Liabilities; 13/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/13/2018 02:56 PM; 26/04/2018 – PUC PENALIZES PG&E $97.5M FOR BREAKING EX-PARTE RULES; 03/05/2018 – PG&E Corporation Releases First-Quarter 2018 Financial Results; 21/04/2018 – Cal EMA Spills: SPILL Report – PG&E – 04/21/2018 03:08 AM; 25/05/2018 – PG&E Notes Vegetation Management Program, Enhanced Measures Implemented After Jaunary 2014 Drought Proclamation; 16/05/2018 – MOODY’S ASSIGNS BAA2 ISSUER RATING TO MARIN CLEAN ENERGY (CA) (MCE) ; STABLE OUTLOOK; 20/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/20/2018 06:52 PM; 29/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/29/2018 01:05 AM

Investors sentiment increased to 1.28 in Q1 2018. Its up 0.15, from 1.13 in 2017Q4. It increased, as 37 investors sold AKS shares while 55 reduced holdings. 50 funds opened positions while 68 raised stakes. 196.55 million shares or 5.51% less from 208.02 million shares in 2017Q4 were reported. Emerald Advisers Pa invested in 0.4% or 2.20 million shares. 19,125 were accumulated by Crow Point Prns Llc. Conning invested in 0% or 10,430 shares. Secor Cap Lp reported 74,333 shares stake. Peak6 Invests Limited Partnership reported 0% stake. Proshare Limited Liability Corporation stated it has 50,418 shares or 0% of all its holdings. Van Eck Assocs Corporation reported 0.01% stake. Next Fincl Gp holds 0.03% or 27,050 shares in its portfolio. Barclays Public Ltd Co holds 0% in AK Steel Holding Corporation (NYSE:AKS) or 320,457 shares. 13,444 were reported by Zeke Advsr Limited Liability. 105,728 are held by Marketfield Asset Mngmt. Berkshire Asset Mngmt Llc Pa reported 10,000 shares stake. Bluemountain Ltd stated it has 0.02% in AK Steel Holding Corporation (NYSE:AKS). City invested in 0% or 1,549 shares. Tiaa Cref Investment Mngmt Ltd Co holds 0% or 796,322 shares.

More recent AK Steel Holding Corporation (NYSE:AKS) news were published by: Seekingalpha.com which released: “AK Steel -2% as Goldman cuts to Sell with $4 price target” on May 30, 2018. Also Globenewswire.com published the news titled: “New Research Coverage Highlights Matrix Service, The PNC Financial Services Group, Williams-Sonoma, GrubHub …” on June 13, 2018. Seekingalpha.com‘s news article titled: “AT&T Is A Buy – Cramer’s Lightning Round (6/6/18)” with publication date: June 07, 2018 was also an interesting one.

Credit Suisse Ag, which manages about $41.97 billion and $107.27 billion US Long portfolio, decreased its stake in Nielsen Hldgs Plc by 99,303 shares to 360,119 shares, valued at $11.45M in 2018Q1, according to the filing. It also reduced its holding in Marriott Vacations Wrldwde C (NYSE:VAC) by 175,390 shares in the quarter, leaving it with 24,610 shares, and cut its stake in Vistra Energy Corp.

Since May 8, 2018, it had 0 buys, and 2 selling transactions for $101,488 activity. 10,270 shares valued at $45,712 were sold by THOMSON JAMES A on Tuesday, May 8.

Among 21 analysts covering AK Steel Holding Corporation (NYSE:AKS), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. AK Steel Holding Corporation had 91 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Hold” rating by Deutsche Bank on Friday, October 28. Deutsche Bank maintained it with “Hold” rating and $1 target in Monday, December 5 report. BMO Capital Markets maintained AK Steel Holding Corporation (NYSE:AKS) rating on Tuesday, August 29. BMO Capital Markets has “Hold” rating and $7.0 target. Cowen & Co maintained AK Steel Holding Corporation (NYSE:AKS) on Monday, May 15 with “Market Perform” rating. Jefferies maintained AK Steel Holding Corporation (NYSE:AKS) on Wednesday, August 30 with “Buy” rating. Cowen & Co maintained the shares of AKS in report on Wednesday, January 31 with “Hold” rating. Longbow upgraded the shares of AKS in report on Monday, June 19 to “Buy” rating. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Neutral” rating by Clarksons Platou on Wednesday, November 1. On Thursday, January 19 the stock rating was downgraded by Citigroup to “Sell”. The stock has “Hold” rating by Jefferies on Wednesday, July 27.

More notable recent PG&E Corporation (NYSE:PCG) news were published by: Prnewswire.com which released: “PG&E SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds …” on June 16, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” published on June 13, 2018, Globenewswire.com published: “Hagens Berman Alerts Investors in PG&E Corporation (NYSE: PCG) to August 13, 2018 Securities Class Action Lead …” on June 13, 2018. More interesting news about PG&E Corporation (NYSE:PCG) were released by: Globenewswire.com and their article: “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against PG&E Corporation (PCG)” published on June 16, 2018 as well as Businesswire.com‘s news article titled: “PCG Investor Alert: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of …” with publication date: June 15, 2018.

Kingstown Capital Management Lp, which manages about $1.19 billion and $673.51M US Long portfolio, decreased its stake in Ebay Inc (NASDAQ:EBAY) by 250,000 shares to 1.00M shares, valued at $40.24M in 2018Q1, according to the filing.

Among 17 analysts covering PG&E Corporation (NYSE:PCG), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. PG&E Corporation had 58 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of PG&E Corporation (NYSE:PCG) earned “Buy” rating by Goldman Sachs on Wednesday, January 27. The stock has “Neutral” rating by UBS on Tuesday, May 29. Wells Fargo maintained PG&E Corporation (NYSE:PCG) on Monday, February 12 with “Hold” rating. The firm has “In-Line” rating given on Tuesday, September 26 by Evercore. The firm has “Buy” rating given on Friday, October 6 by Mizuho. As per Tuesday, May 24, the company rating was maintained by Mizuho. The firm has “Outperform” rating by RBC Capital Markets given on Friday, July 15. The firm has “Buy” rating by J.P. Morgan given on Monday, October 16. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, July 13. The stock has “Market Perform” rating by Wells Fargo on Monday, June 11.

Investors sentiment increased to 1.14 in Q1 2018. Its up 0.21, from 0.93 in 2017Q4. It improved, as 60 investors sold PCG shares while 161 reduced holdings. 75 funds opened positions while 176 raised stakes. 403.55 million shares or 0.71% more from 400.70 million shares in 2017Q4 were reported. 67,373 were accumulated by Bank & Trust Of Nova Scotia. Voya Inv Mngmt Limited Liability Co, Georgia-based fund reported 241,778 shares. International Incorporated Ca holds 31,700 shares or 0.2% of its portfolio. James Investment Research owns 0.1% invested in PG&E Corporation (NYSE:PCG) for 58,612 shares. Arizona State Retirement Sys holds 0.09% or 203,156 shares. Putnam Invests Ltd Llc has invested 0.17% of its portfolio in PG&E Corporation (NYSE:PCG). Cwm Ltd Co invested 0% in PG&E Corporation (NYSE:PCG). Private Ocean Limited Liability Com has 0.02% invested in PG&E Corporation (NYSE:PCG) for 1,000 shares. Freestone Holding Ltd Limited Liability Company, a Washington-based fund reported 63,553 shares. Jfs Wealth Advisors Limited Liability reported 10 shares. State Teachers Retirement invested 0.09% in PG&E Corporation (NYSE:PCG). Security has 0.05% invested in PG&E Corporation (NYSE:PCG). Verition Fund Mgmt Ltd Com stated it has 27,860 shares or 0.09% of all its holdings. Massmutual Trust Fsb Adv holds 47 shares or 0% of its portfolio. Quinn Opportunity Partners Ltd Liability Corporation invested in 0.53% or 94,800 shares.

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

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