Longbow Gives AK Steel Holding (AKS) Higher Rating, Cove Street Capital Has Lowered Jpmorgan Chase & Co (JPM) Position

June 19, 2017 - By Ellis Scott

Cove Street Capital Llc decreased Jpmorgan Chase & Co (JPM) stake by 8.01% reported in 2016Q4 SEC filing. Cove Street Capital Llc sold 9,797 shares as Jpmorgan Chase & Co (JPM)’s stock declined 6.04%. The Cove Street Capital Llc holds 112,531 shares with $9.71 million value, down from 122,328 last quarter. Jpmorgan Chase & Co now has $311.87 billion valuation. The stock rose 2.34% or $2.02 reaching $88.18. About 7.30 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since June 19, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

Among 17 analysts covering AK Steel Holding Corporation (NYSE:AKS), 5 have Buy rating, 1 Sell and 11 Hold. Therefore 29% are positive. AK Steel Holding Corporation has $9 highest and $1 lowest target. $6.13’s average target is -0.49% below currents $6.16 stock price. AK Steel Holding Corporation had 49 analyst reports since July 29, 2015 according to SRatingsIntel. Nomura maintained AK Steel Holding Corporation (NYSE:AKS) rating on Wednesday, March 9. Nomura has “Neutral” rating and $3.50 target. On Thursday, September 10 the stock rating was initiated by BB&T Capital with “Hold”. The firm has “Overweight” rating by JP Morgan given on Thursday, July 30. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Underperform” rating by Credit Suisse on Wednesday, March 23. The stock of AK Steel Holding Corporation (NYSE:AKS) earned “Neutral” rating by Bank of America on Tuesday, September 8. The firm has “Hold” rating by Deutsche Bank given on Monday, December 5. Deutsche Bank upgraded AK Steel Holding Corporation (NYSE:AKS) on Monday, October 3 to “Hold” rating. Macquarie Research upgraded the shares of AKS in report on Wednesday, July 29 to “Outperform” rating. Macquarie Research upgraded it to “Outperform” rating and $8 target in Monday, April 24 report. Deutsche Bank maintained AK Steel Holding Corporation (NYSE:AKS) rating on Thursday, August 13. Deutsche Bank has “Buy” rating and $6 target.

Since January 13, 2017, it had 0 insider purchases, and 10 selling transactions for $21.13 million activity. 6,514 shares valued at $568,100 were sold by BACON ASHLEY on Thursday, May 11. 42,083 shares were sold by Zames Matthew E, worth $3.54 million on Friday, January 13. Donnelly John L sold $542,314 worth of stock. The insider Smith Gordon sold 65,865 shares worth $5.51 million. 35,799 shares were sold by Erdoes Mary E., worth $3.01M on Friday, January 13. Petno Douglas B sold 6,728 shares worth $566,195. The insider Pinto Daniel E sold $3.40M.

Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.15, from 0.97 in 2016Q3. It dropped, as 69 investors sold JPM shares while 807 reduced holdings. 166 funds opened positions while 553 raised stakes. 2.60 billion shares or 2.27% more from 2.54 billion shares in 2016Q3 were reported. Girard Prtnrs Ltd holds 38,026 shares. D L Carlson Inv Gp Incorporated has 2.25% invested in JPMorgan Chase & Co. (NYSE:JPM) for 76,560 shares. 1.80 million are held by Kames Cap Public Limited Com. Philadelphia Tru invested in 46,692 shares. Hengehold Capital owns 25,838 shares. Nelson Roberts Advisors Lc holds 2.04% in JPMorgan Chase & Co. (NYSE:JPM) or 67,696 shares. Baker Ellis Asset Ltd Co owns 16,877 shares. Howland Capital Mgmt Ltd Liability Corp has 0.19% invested in JPMorgan Chase & Co. (NYSE:JPM) for 23,781 shares. Jpmorgan Chase holds 0.09% in JPMorgan Chase & Co. (NYSE:JPM) or 4.40 million shares. Horrell Capital Management stated it has 1,569 shares. Profund Advsrs Ltd Liability holds 0.92% or 231,003 shares. 15,371 were reported by Fukoku Mutual Life Ins Co. 15,456 were reported by Trust Comm Of Virginia Va. Tcw Grp Inc has invested 2.14% in JPMorgan Chase & Co. (NYSE:JPM). Iron Fincl Ltd Liability Co accumulated 6,653 shares or 0.39% of the stock.

Cove Street Capital Llc increased E.W. Scripps Company (NYSE:SSP) stake by 72,600 shares to 1.16M valued at $22.34M in 2016Q4. It also upped Viasat Inc (NASDAQ:VSAT) stake by 44,990 shares and now owns 667,820 shares. Cherokee Inc (NASDAQ:CHKE) was raised too.

Among 25 analysts covering JPMorgan Chase & Co (NYSE:JPM), 13 have Buy rating, 2 Sell and 10 Hold. Therefore 52% are positive. JPMorgan Chase & Co had 52 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Vining Sparks with “Outperform” on Friday, April 28. Atlantic Securities upgraded JPMorgan Chase & Co. (NYSE:JPM) on Friday, January 15 to “Overweight” rating. The rating was upgraded by Guggenheim on Wednesday, April 26 to “Buy”. The stock has “Neutral” rating by Nomura on Thursday, April 14. UBS reinitiated the stock with “Buy” rating in Wednesday, January 11 report. The firm has “Outperform” rating given on Tuesday, August 25 by CLSA. The firm has “Buy” rating by Argus Research given on Friday, January 15. The rating was initiated by Berenberg on Wednesday, July 13 with “Sell”. Citigroup maintained the shares of JPM in report on Monday, October 5 with “Buy” rating. The rating was maintained by Argus Research on Monday, January 18 with “Buy”.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on July, 13. They expect $1.63 earnings per share, up 5.16% or $0.08 from last year’s $1.55 per share. JPM’s profit will be $5.76 billion for 13.52 P/E if the $1.63 EPS becomes a reality. After $1.65 actual earnings per share reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -1.21% negative EPS growth.

Analysts await AK Steel Holding Corporation (NYSE:AKS) to report earnings on July, 25. They expect $0.15 earnings per share, up 87.50% or $0.07 from last year’s $0.08 per share. AKS’s profit will be $46.51M for 10.27 P/E if the $0.15 EPS becomes a reality. After $0.19 actual earnings per share reported by AK Steel Holding Corporation for the previous quarter, Wall Street now forecasts -21.05% negative EPS growth.

About 15.74M shares traded or 0.51% up from the average. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since June 19, 2016 and is uptrending. It has outperformed by 41.42% the S&P500.

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