Sassicaia Capital Advisers LLC Acquires New Holdings in United States Steel Co. (NYSE:X)

Sassicaia Capital Advisers LLC acquired a new position in shares of United States Steel Co. (NYSE:X - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,000 shares of the basic materials company's stock, valued at approximately $272,000. United States Steel accounts for about 6.6% of Sassicaia Capital Advisers LLC's investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake 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 buying an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in United States Steel in the fourth quarter valued at about $27,000. ORG Wealth Partners LLC bought a new position in United States Steel during the fourth quarter worth about $30,000. Parkworth Wealth Management Inc. bought a new position in United States Steel during the fourth quarter worth about $31,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of United States Steel in the 4th quarter valued at approximately $32,000. Institutional investors own 81.92% of the company's stock.

Analyst Upgrades and Downgrades

X has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a research note on Monday, March 31st. Bank of America assumed coverage on shares of United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 target price on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and set a $38.00 price target (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Morgan Stanley upped their price objective 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, Jefferies Financial Group cut their target price 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $39.94.

United States Steel Trading Up 0.1 %

Shares of NYSE:X traded up $0.06 during trading on Thursday, hitting $43.77. 3,012,861 shares of the company's stock were exchanged, compared to its average volume of 5,473,783. The firm has a 50-day moving average price of $40.76 and a two-hundred day moving average price of $38.20. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18. The firm has a market cap of $9.91 billion, a P/E ratio of 29.40, a PEG ratio of 1.53 and a beta of 1.79. 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 posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Equities analysts predict that United States Steel Co. will post 1.43 earnings per share for the current year.

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.