Kennedy Capital Management Decreased Its Ak Steel Holding (AKS) Stake by $3.04 Million; Stock Value Declined; United Parcel Service (UPS) Market Value Declined While Lynch & Associates Decreased by $12.35 Million Its Holding

February 13, 2018 - By Ellis Scott

Kennedy Capital Management Inc decreased its stake in Ak Steel Holding Corporation (AKS) by 60.84% based on its latest 2017Q3 regulatory filing with the SEC. Kennedy Capital Management Inc sold 608,194 shares as the company’s stock declined 37.22% while stock markets rallied. The institutional investor held 391,401 shares of the steel and iron ore company at the end of 2017Q3, valued at $2.19M, down from 999,595 at the end of the previous reported quarter. Kennedy Capital Management Inc who had been investing in Ak Steel Holding Corporation for a number of months, seems to be less bullish one the $1.50 billion market cap company. The stock increased 5.78% or $0.26 during the last trading session, reaching $4.76. About 19.12M shares traded or 4.84% up from the average. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since February 13, 2017 and is uptrending. It has outperformed by 41.42% the S&P500.

Lynch & Associates decreased its stake in United Parcel Service Inc (UPS) by 66.01% based on its latest 2017Q3 regulatory filing with the SEC. Lynch & Associates sold 102,949 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 53,015 shares of the transportation company at the end of 2017Q3, valued at $6.37M, down from 155,964 at the end of the previous reported quarter. Lynch & Associates who had been investing in United Parcel Service Inc for a number of months, seems to be less bullish one the $91.33B market cap company. The stock decreased 0.08% or $0.08 during the last trading session, reaching $106.31. About 6.68 million shares traded or 66.68% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 13, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Since August 22, 2017, it had 0 insider buys, and 1 insider sale for $2.02 million activity.

Lynch & Associates, which manages about $302.80M and $251.69M US Long portfolio, upped its stake in Procter & Gamble Co (NYSE:PG) by 4,740 shares to 93,657 shares, valued at $8.52 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.09, from 1.05 in 2017Q2. It improved, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. Baker Boyer Financial Bank has invested 0.94% in United Parcel Service, Inc. (NYSE:UPS). Diversified Tru reported 0.2% stake. 1.37 million are owned by Raymond James And. Oppenheimer Asset Management Inc, New York-based fund reported 84,712 shares. Honeywell Interest owns 1.02% invested in United Parcel Service, Inc. (NYSE:UPS) for 242,700 shares. State Common Retirement Fund invested in 0.3% or 1.95 million shares. Rampart Investment Mgmt Limited owns 8,499 shares. Harvey Cap holds 2,500 shares. Bp Pcl stated it has 81,000 shares or 0.34% of all its holdings. 3,217 are owned by Texas Cap Commercial Bank Tx. Prelude Cap Mngmt Limited Liability Corp invested 0.01% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma has invested 0.01% in United Parcel Service, Inc. (NYSE:UPS). Carl Domino reported 1.54% stake. Schwartz Investment Counsel reported 3.05% in United Parcel Service, Inc. (NYSE:UPS). Westpac Banking reported 0.53% stake.

Among 23 analysts covering United Parcel Service (NYSE:UPS), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. United Parcel Service had 64 analyst reports since July 29, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Buy” rating in Wednesday, September 20 report. Cowen & Co maintained it with “Hold” rating and $11500 target in Monday, July 17 report. Susquehanna maintained the stock with “Hold” rating in Thursday, February 1 report. The company was upgraded on Thursday, September 17 by Zacks. As per Friday, April 29, the company rating was maintained by Cowen & Co. The firm has “Neutral” rating by JP Morgan given on Thursday, October 12. On Thursday, August 24 the stock rating was maintained by Robert W. Baird with “Hold”. Robert W. Baird maintained the stock with “Hold” rating in Friday, October 27 report. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Susquehanna on Wednesday, January 17. Deutsche Bank upgraded the stock to “Buy” rating in Monday, December 4 report.

Among 20 analysts covering AK Steel Holding Corporation (NYSE:AKS), 8 have Buy rating, 2 Sell and 10 Hold. Therefore 40% are positive. AK Steel Holding Corporation had 82 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, January 31. The company was initiated on Monday, August 22 by Rosenblatt. The rating was upgraded by Longbow on Monday, June 19 to “Buy”. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, November 1. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Buy” rating by Bank of America on Wednesday, October 26. The rating was maintained by KeyBanc Capital Markets on Monday, September 18 with “Hold”. The firm earned “Hold” rating on Monday, November 6 by Cowen & Co. The rating was upgraded by Deutsche Bank to “Buy” on Friday, June 23. On Thursday, October 29 the stock rating was maintained by Cowen & Co with “Market Perform”. The rating was maintained by Jefferies with “Hold” on Wednesday, September 16.

Kennedy Capital Management Inc, which manages about $5.67B and $5.55 billion US Long portfolio, upped its stake in Calavo Growers Inc (NASDAQ:CVGW) by 98,220 shares to 180,293 shares, valued at $13.20 million in 2017Q3, according to the filing. It also increased its holding in First Internet Bancorp (NASDAQ:INBK) by 66,951 shares in the quarter, for a total of 333,169 shares, and has risen its stake in Everbridge Inc.

Investors sentiment decreased to 0.83 in 2017 Q3. Its down 0.49, from 1.32 in 2017Q2. It fall, as 40 investors sold AKS 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. Paloma Partners Mgmt invested in 0% or 39,041 shares. Boothbay Fund Mgmt Ltd Llc has 11,856 shares. Ellington Mngmt Grp Inc Limited Liability Company invested in 0.1% or 108,600 shares. State Of New Jersey Common Pension Fund D reported 14.60M shares. Parkside National Bank holds 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS) for 197 shares. Envestnet Asset Management has 2,181 shares for 0% of their portfolio. 650 are owned by San Francisco Sentry Inv Gru (Ca). Tci Wealth Advisors has invested 0% of its portfolio in AK Steel Holding Corporation (NYSE:AKS). Royal National Bank & Trust Of Canada stated it has 142,681 shares or 0% of all its holdings. Invesco owns 914,755 shares for 0% of their portfolio. Cipher Capital Lp has 246,575 shares. 83,789 were accumulated by Jefferies Limited Liability Corp. Cubist Systematic Strategies Ltd Com holds 0.01% or 21,675 shares in its portfolio. Fmr Ltd Llc invested 0% in AK Steel Holding Corporation (NYSE:AKS). Magnetar Lc accumulated 16,303 shares.

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