Alpine Global Management LLC Sells 50,552 Shares of United States Steel Co. (NYSE:X)

Alpine Global Management LLC cut its stake in shares of United States Steel Co. (NYSE:X - Free Report) by 40.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,963 shares of the basic materials company's stock after selling 50,552 shares during the quarter. Alpine Global Management LLC's holdings in United States Steel were worth $2,582,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of X. Bessemer Group Inc. boosted its stake in United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after purchasing an additional 277 shares during the period. CIBC Asset Management Inc boosted its position in shares of 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 worth $234,000 after buying an additional 366 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of United States Steel by 0.8% during the fourth 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 buying an additional 412 shares in the last quarter. Covestor Ltd raised its position in United States Steel by 17.2% during the fourth 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 during the period. Finally, GAMMA Investing LLC lifted 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 worth $45,000 after acquiring an additional 442 shares in the last quarter. 81.92% of the stock is owned by institutional investors.

United States Steel Stock Up 0.9 %

Shares of X stock traded up $0.39 on Friday, hitting $42.65. The company's stock had a trading volume of 5,065,528 shares, compared to its average volume of 5,478,771. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 1.53 and a beta of 1.79. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $46.18. The firm's fifty day moving average price is $40.43 and its 200-day moving average price is $38.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current 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 dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.47%. United States Steel's dividend payout ratio (DPR) is presently 13.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group dropped their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 price objective (down previously from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Bank of America initiated coverage on shares of United States Steel in a research note on Monday, January 6th. They set a "neutral" rating and a $35.00 target price for the company. Morgan Stanley upped their price target on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $45.00 price objective on shares of United States Steel in a research report on Monday, March 31st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.