United States Steel Co. (NYSE:X) Shares Acquired by Holocene Advisors LP

Holocene Advisors LP lifted its holdings in shares of United States Steel Co. (NYSE:X) by 739.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,960 shares of the basic materials company’s stock after purchasing an additional 76,600 shares during the quarter. Holocene Advisors LP owned about 0.05% of United States Steel worth $1,331,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of X. Arizona State Retirement System raised its position in shares of United States Steel by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 125,118 shares of the basic materials company’s stock worth $1,916,000 after buying an additional 734 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of United States Steel by 2.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,940 shares of the basic materials company’s stock worth $489,000 after buying an additional 779 shares during the period. First Allied Advisory Services Inc. raised its position in shares of United States Steel by 5.1% in the 2nd quarter. First Allied Advisory Services Inc. now owns 18,051 shares of the basic materials company’s stock worth $276,000 after buying an additional 880 shares during the period. Mid Atlantic Financial Management Inc. ADV raised its position in shares of United States Steel by 7.1% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 15,045 shares of the basic materials company’s stock worth $230,000 after buying an additional 1,000 shares during the period. Finally, World Asset Management Inc raised its position in shares of United States Steel by 9.1% in the 2nd quarter. World Asset Management Inc now owns 12,889 shares of the basic materials company’s stock worth $197,000 after buying an additional 1,071 shares during the period. Institutional investors and hedge funds own 60.77% of the company’s stock.

Several research analysts recently weighed in on the company. Deutsche Bank lowered United States Steel from a “hold” rating to a “sell” rating and set a $12.64 target price on the stock. in a research report on Thursday, May 30th. Barclays assumed coverage on United States Steel in a research report on Friday, September 6th. They issued an “overweight” rating on the stock. Bank of America reaffirmed an “underperform” rating and issued a $12.00 target price on shares of United States Steel in a research report on Friday, May 31st. ValuEngine lowered United States Steel from a “sell” rating to a “strong sell” rating in a research report on Monday, August 26th. Finally, Goldman Sachs Group lowered United States Steel from a “neutral” rating to a “sell” rating and cut their target price for the stock from $17.00 to $11.00 in a research report on Tuesday, June 4th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.94.

NYSE:X opened at $12.96 on Wednesday. The business’s 50-day moving average is $12.14 and its two-hundred day moving average is $15.21. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 0.74. United States Steel Co. has a 12 month low of $10.16 and a 12 month high of $30.91. The firm has a market capitalization of $2.24 billion, a PE ratio of 2.42, a price-to-earnings-growth ratio of 2.40 and a beta of 3.02.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. United States Steel had a return on equity of 19.27% and a net margin of 6.95%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company posted $1.46 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. Equities analysts anticipate that United States Steel Co. will post 0.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.54%. The ex-dividend date was Tuesday, August 13th. United States Steel’s dividend payout ratio (DPR) is presently 3.73%.

United States Steel Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

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

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