United States Steel Co. (NYSE:X) Shares Purchased by Advent Capital Management DE

Advent Capital Management DE boosted its stake in United States Steel Co. (NYSE:X - Free Report) by 100.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the basic materials company's stock after acquiring an additional 50,000 shares during the period. Advent Capital Management DE's holdings in United States Steel were worth $3,399,000 as of its most recent SEC filing.

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

United States Steel Trading Down 5.4 %

NYSE X traded down $2.26 during mid-day trading on Monday, reaching $39.30. 2,405,835 shares of the stock were exchanged, compared to its average volume of 5,438,544. The business's fifty day simple moving average is $40.15 and its 200 day simple moving average is $37.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The stock has a market capitalization of $8.90 billion, a PE ratio of 26.38, a PEG ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, research analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. United States Steel's dividend payout ratio (DPR) is presently 13.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on X. Morgan Stanley raised their price target on United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. restated a "neutral" rating and set a $38.00 target price (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Bank of America began coverage on shares of United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target on the stock. Jefferies Financial Group dropped their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a research note 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $39.94.

United States Steel Company Profile

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.