Sciencast Management LP purchased a new position in shares of United States Steel Corporation (NYSE:X) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,950 shares of the basic materials company’s stock, valued at approximately $353,000.
Several other institutional investors also recently made changes to their positions in X. Global X Management Co. LLC raised its position in shares of United States Steel Corporation by 221.0% during the 2nd quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 3,768 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in United States Steel Corporation by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 674 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in United States Steel Corporation in the 1st quarter valued at approximately $209,000. Sigma Planning Corp increased its position in United States Steel Corporation by 21.3% in the 2nd quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 1,696 shares during the period. Finally, Advisor Group Inc. increased its position in United States Steel Corporation by 3.2% in the 2nd quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after acquiring an additional 308 shares during the period. Institutional investors and hedge funds own 63.98% of the company’s stock.
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In other United States Steel Corporation news, Director Eugene Sperling bought 1,000 shares of the stock in a transaction on Friday, September 15th. The stock was purchased at an average price of $25.16 per share, with a total value of $25,160.00. Following the acquisition, the director now owns 3,009 shares of the company’s stock, valued at $75,706.44. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin Bradley purchased 22,835 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was purchased at an average cost of $27.62 per share, with a total value of $630,702.70. Following the acquisition, the chief financial officer now directly owns 30,415 shares in the company, valued at $840,062.30. The disclosure for this purchase can be found here. Insiders have acquired a total of 64,597 shares of company stock valued at $1,764,452 in the last ninety days. Company insiders own 1.00% of the company’s stock.
Several research firms recently commented on X. Citigroup Inc. cut United States Steel Corporation from a “neutral” rating to a “sell” rating and lowered their target price for the company from $26.00 to $20.00 in a research report on Friday, July 28th. Axiom Securities restated a “sell” rating on shares of United States Steel Corporation in a research report on Thursday, July 13th. Standpoint Research cut United States Steel Corporation from a “buy” rating to a “reduce” rating in a research report on Tuesday, September 5th. Macquarie began coverage on United States Steel Corporation in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 target price on the stock. Finally, Credit Suisse Group restated an “outperform” rating and issued a $29.00 target price on shares of United States Steel Corporation in a research report on Tuesday, June 20th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. United States Steel Corporation currently has a consensus rating of “Hold” and a consensus price target of $28.29.
United States Steel Corporation (NYSE:X) traded up 3.661% during midday trading on Wednesday, hitting $27.605. The stock had a trading volume of 7,110,563 shares. The stock’s 50-day moving average is $25.93 and its 200-day moving average is $24.37. United States Steel Corporation has a one year low of $16.50 and a one year high of $41.83. The company has a market cap of $4.83 billion, a P/E ratio of 174.715 and a beta of 2.89.
United States Steel Corporation (NYSE:X) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.66. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the business earned ($0.32) EPS. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities analysts predict that United States Steel Corporation will post $1.65 EPS for the current fiscal year.
About United States Steel Corporation
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).
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