United States Steel Corporation (X) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC cut its position in United States Steel Corporation (NYSE:X) by 29.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,922 shares of the basic materials company’s stock after selling 9,479 shares during the period. Verition Fund Management LLC’s holdings in United States Steel Corporation were worth $507,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in X. Tudor Investment Corp ET AL grew its holdings in United States Steel Corporation by 160.8% in the first quarter. Tudor Investment Corp ET AL now owns 30,407 shares of the basic materials company’s stock valued at $1,028,000 after purchasing an additional 80,407 shares during the period. BlackRock Inc. grew its holdings in United States Steel Corporation by 12,021.7% in the first quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock valued at $482,799,000 after purchasing an additional 14,161,952 shares during the period. Regal Investment Advisors LLC grew its holdings in United States Steel Corporation by 29.2% in the second quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock valued at $535,000 after purchasing an additional 5,460 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in United States Steel Corporation by 150.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock valued at $1,259,000 after purchasing an additional 34,209 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its holdings in United States Steel Corporation by 0.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 161,847 shares of the basic materials company’s stock valued at $5,472,000 after purchasing an additional 1,240 shares during the period. 63.87% of the stock is currently owned by institutional investors and hedge funds.

In other United States Steel Corporation news, CFO Kevin Bradley acquired 36,762 shares of the business’s stock in a transaction on Friday, September 8th. The stock was purchased at an average price of $27.23 per share, with a total value of $1,001,029.26. Following the acquisition, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at approximately $828,200.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Murry Gerber acquired 4,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was acquired at an average cost of $26.89 per share, with a total value of $107,560.00. Following the acquisition, the director now directly owns 168,457 shares in the company, valued at $4,529,808.73. The disclosure for this purchase can be found here. Insiders have purchased a total of 64,597 shares of company stock valued at $1,764,452 in the last ninety days. 1.00% of the stock is currently owned by insiders.

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Several research firms have recently weighed in on X. Citigroup Inc. downgraded United States Steel Corporation from a “neutral” rating to a “sell” rating and decreased their target price for the company from $26.00 to $20.00 in a research report on Friday, July 28th. Axiom Securities reiterated a “sell” rating on shares of United States Steel Corporation in a research report on Thursday, July 13th. Standpoint Research downgraded United States Steel Corporation from a “buy” rating to a “reduce” rating in a research report on Tuesday, September 5th. Macquarie assumed coverage on United States Steel Corporation in a research report on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price objective on the stock. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $34.00 price objective (up previously from $29.00) on shares of United States Steel Corporation in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. United States Steel Corporation presently has an average rating of “Hold” and a consensus price target of $28.34.

United States Steel Corporation (NYSE X) traded down 2.20% during mid-day trading on Friday, hitting $27.08. The stock had a trading volume of 10,508,218 shares. The firm has a market cap of $4.74 billion, a PE ratio of 171.39 and a beta of 2.89. United States Steel Corporation has a 12-month low of $17.05 and a 12-month high of $41.83. The company has a 50-day moving average of $26.23 and a 200-day moving average of $24.10.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.41 by $0.66. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. United States Steel Corporation’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) EPS. Analysts expect that United States Steel Corporation will post $1.65 earnings per share for the current year.

United States Steel Corporation Profile

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

Institutional Ownership by Quarter for United States Steel Corporation (NYSE:X)

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