Alyeska Investment Group L.P. Acquires Shares of 609,005 United States Steel Co. (NYSE:X)

Alyeska Investment Group L.P. purchased a new stake in shares of United States Steel Co. (NYSE:X - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 609,005 shares of the basic materials company's stock, valued at approximately $20,700,000. Alyeska Investment Group L.P. owned about 0.27% of United States Steel at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in X. Bessemer Group Inc. lifted its position in shares of United States Steel by 64.0% during the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after acquiring an additional 277 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in United States Steel by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock worth $234,000 after purchasing an additional 366 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in United States Steel by 0.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company's stock worth $1,690,000 after purchasing an additional 412 shares during the period. Covestor Ltd grew its holdings in United States Steel by 17.2% during the 4th quarter. Covestor Ltd now owns 2,891 shares of the basic materials company's stock valued at $98,000 after buying an additional 424 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of United States Steel by 50.0% during the fourth quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock valued at $45,000 after buying an additional 442 shares during the period. Institutional investors own 81.92% of the company's stock.

United States Steel Trading Up 2.5 %

Shares of X traded up $1.04 during mid-day trading on Friday, hitting $42.46. 4,319,248 shares of the company's stock traded hands, compared to its average volume of 5,554,439. The business's 50-day moving average price is $41.31 and its 200-day moving average price is $38.41. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $46.18. The firm has a market capitalization of $9.61 billion, a P/E ratio of 28.50, a PEG ratio of 1.53 and a beta of 1.82. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business's revenue was down 10.4% compared to the same quarter last year. As a group, sell-side analysts forecast that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, May 12th. United States Steel's dividend payout ratio is presently 68.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley lifted their price objective on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $38.00 price target (down previously from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a research report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, United States Steel currently has a consensus rating of "Hold" and a consensus price target of $39.22.

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.