MY.Alpha Management HK Advisors Ltd Sells 54,966 Shares of United States Steel Co. (NYSE:X)

MY.Alpha Management HK Advisors Ltd cut its stake in United States Steel Co. (NYSE:X - Free Report) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 921,926 shares of the basic materials company's stock after selling 54,966 shares during the period. United States Steel makes up about 13.9% of MY.Alpha Management HK Advisors Ltd's holdings, making the stock its largest holding. MY.Alpha Management HK Advisors Ltd owned approximately 0.41% of United States Steel worth $31,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings 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 valued at $25,000 after buying an additional 277 shares during the period. Ameliora Wealth Management Ltd. acquired a new position in shares of United States Steel in the 4th quarter worth approximately $27,000. Parkworth Wealth Management Inc. purchased a new position in shares of United States Steel during the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in United States Steel in the 4th quarter valued at approximately $32,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in United States Steel in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Analyst Ratings Changes

X has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. BMO Capital Markets reiterated a "market perform" rating and set a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $38.00 price objective (down previously from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $39.22.

United States Steel Price Performance

United States Steel stock opened at $41.79 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $41.50 and a 200-day simple moving average of $38.45. The stock has a market cap of $9.46 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $46.18.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.54 billion. United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The firm's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities analysts expect 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. Investors of record on Monday, May 12th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, May 12th. United States Steel's payout ratio is 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.

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