Signaturefd LLC Has $153,000 Position in United States Steel Co. (NYSE:X)

Signaturefd LLC cut its stake in United States Steel Co. (NYSE:X) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,331 shares of the basic materials company’s stock after selling 342 shares during the quarter. Signaturefd LLC’s holdings in United States Steel were worth $153,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. KGH Ltd lifted its holdings in United States Steel by 68.2% during the 2nd quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock worth $160,839,000 after purchasing an additional 1,724,670 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of United States Steel by 4,305.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,634,364 shares of the basic materials company’s stock worth $137,379,000 after buying an additional 3,551,870 shares in the last quarter. Alpine Associates Management Inc. boosted its position in shares of United States Steel by 13.5% in the second quarter. Alpine Associates Management Inc. now owns 2,667,932 shares of the basic materials company’s stock valued at $100,848,000 after acquiring an additional 316,800 shares during the period. Murchinson Ltd. grew its stake in shares of United States Steel by 66.5% in the first quarter. Murchinson Ltd. now owns 2,100,000 shares of the basic materials company’s stock valued at $85,638,000 after acquiring an additional 838,653 shares in the last quarter. Finally, Water Island Capital LLC increased its position in United States Steel by 5.3% during the second quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock worth $34,250,000 after acquiring an additional 45,567 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Friday, September 6th. Jefferies Financial Group reduced their price target on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a research report on Monday, September 9th. StockNews.com started coverage on United States Steel in a report on Monday, August 19th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $42.00 in a research note on Monday, September 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.62.

United States Steel Stock Down 1.8 %

X stock opened at $38.79 on Monday. The firm has a 50-day moving average price of $36.45 and a 200-day moving average price of $37.78. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $50.20. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $8.72 billion, a P/E ratio of 11.38 and a beta of 1.87.

United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The firm’s revenue was down 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 EPS. As a group, equities research analysts anticipate that United States Steel Co. will post 2.17 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. United States Steel’s dividend payout ratio is currently 5.87%.

About United States Steel

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