GAMMA Investing LLC Buys 51,330 Shares of United States Steel Corporation (NYSE:X)

GAMMA Investing LLC lifted its stake in shares of United States Steel Corporation (NYSE:X - Free Report) by 3,871.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,656 shares of the basic materials company's stock after acquiring an additional 51,330 shares during the quarter. GAMMA Investing LLC's holdings in United States Steel were worth $2,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in X. Vanguard Group Inc. raised its holdings in shares of United States Steel by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock worth $698,791,000 after purchasing an additional 186,994 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in United States Steel by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock worth $315,790,000 after purchasing an additional 929,762 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of United States Steel by 1.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock valued at $162,747,000 after acquiring an additional 68,230 shares during the period. Massachusetts Financial Services Co. MA raised its position in United States Steel by 3.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock valued at $162,242,000 after buying an additional 174,394 shares during the period. Finally, Geode Capital Management LLC lifted its position in United States Steel by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock worth $131,313,000 after buying an additional 22,380 shares in the last quarter. Institutional investors own 81.92% of the company's stock.

United States Steel Stock Performance

X traded down $0.01 on Tuesday, hitting $54.85. The company had a trading volume of 15,100,429 shares, compared to its average volume of 6,497,419. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 189.12, a price-to-earnings-growth ratio of 2.21 and a beta of 1.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 0.75. The company's fifty day moving average price is $46.08 and its 200 day moving average price is $40.33. United States Steel Corporation has a 1-year low of $26.92 and a 1-year high of $54.91.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). United States Steel had a net margin of 0.64% and a return on equity of 1.69%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the business earned $0.82 EPS. The company's revenue for the quarter was down 10.4% compared to the same quarter last year. Equities analysts predict that United States Steel Corporation will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Monday, May 12th. United States Steel's dividend payout ratio is 68.97%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on X shares. JPMorgan Chase & Co. lifted their price objective on United States Steel from $39.00 to $55.00 and gave the company a "neutral" rating in a research report on Monday, June 2nd. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 price target on shares of United States Steel in a report on Monday, March 31st. Jefferies Financial Group restated a "hold" rating and issued a $55.00 price objective (up previously from $50.00) on shares of United States Steel in a report on Tuesday, May 27th. Wolfe Research reiterated a "peer perform" rating on shares of United States Steel in a research note on Tuesday, May 27th. Finally, Morgan Stanley boosted their target price on shares of United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $43.80.

United States Steel 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.