GAMMA Investing LLC Has $2.23 Million Stock Holdings in United States Steel Co. (NYSE:X)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 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. Versant Capital Management Inc boosted its stake in shares of United States Steel by 45.3% during the 1st quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company's stock worth $38,000 after buying an additional 284 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of 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 buying an additional 366 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake 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 worth $1,690,000 after buying an additional 412 shares during the last quarter. Finally, 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 buying an additional 424 shares during the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on X shares. Glj Research downgraded shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 30th. BMO Capital Markets reiterated 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. Wolfe Research reissued a "peer perform" rating on shares of United States Steel in a research report on Tuesday, May 27th. Morgan Stanley raised their price objective on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $55.00 price objective (up from $50.00) on shares of United States Steel in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $43.80.

United States Steel Stock Performance

Shares of X traded down $1.54 during mid-day trading on Friday, reaching $52.17. The company's stock had a trading volume of 20,528,901 shares, compared to its average volume of 6,407,958. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $54.24. The stock has a market cap of $11.81 billion, a P/E ratio of 35.02, a PEG ratio of 1.53 and a beta of 1.87. The business has a 50-day simple moving average of $45.67 and a two-hundred day simple moving average of $40.13. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.

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) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.54 billion. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The business's revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, equities research analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 12th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.38%. United States Steel's payout ratio is currently 68.97%.

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.