United States Steel Co. (NYSE:X) Shares Purchased by Smith Graham & Co. Investment Advisors LP

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Smith Graham & Co. Investment Advisors LP lifted its stake in United States Steel Co. (NYSE:X) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 291,240 shares of the basic materials company’s stock after purchasing an additional 1,090 shares during the quarter. Smith Graham & Co. Investment Advisors LP’s holdings in United States Steel were worth $3,364,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of X. NEXT Financial Group Inc increased its stake in United States Steel by 139.8% during the second quarter. NEXT Financial Group Inc now owns 3,153 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,838 shares during the last quarter. Rational Advisors LLC increased its stake in United States Steel by 178.5% during the second quarter. Rational Advisors LLC now owns 4,280 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 2,743 shares during the last quarter. CenterStar Asset Management LLC acquired a new stake in United States Steel during the second quarter worth $77,000. Coastal Investment Advisors Inc. increased its stake in United States Steel by 5,611.0% during the second quarter. Coastal Investment Advisors Inc. now owns 5,711 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 5,611 shares during the last quarter. Finally, Trustcore Financial Services LLC acquired a new stake in United States Steel during the second quarter worth $92,000. 60.77% of the stock is owned by hedge funds and other institutional investors.

X has been the subject of several research analyst reports. Credit Suisse Group lowered their price target on United States Steel from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Thursday, September 19th. JPMorgan Chase & Co. lowered United States Steel from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $14.00 in a research report on Monday, September 23rd. Barclays initiated coverage on United States Steel in a research report on Friday, September 6th. They set an “overweight” rating for the company. ValuEngine upgraded United States Steel from a “hold” rating to a “buy” rating in a research report on Monday, October 7th. Finally, Macquarie lowered United States Steel from an “outperform” rating to an “underperform” rating and lowered their price target for the stock from $18.00 to $9.00 in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. United States Steel currently has a consensus rating of “Hold” and a consensus target price of $16.55.

NYSE:X traded up $0.09 during midday trading on Friday, reaching $10.72. The company had a trading volume of 12,907,133 shares, compared to its average volume of 19,553,516. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 2.00, a PEG ratio of 166.09 and a beta of 3.04. The stock’s fifty day simple moving average is $11.38 and its 200-day simple moving average is $13.81. United States Steel Co. has a 12-month low of $9.93 and a 12-month high of $29.84. The company has a current ratio of 1.41, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

United States Steel (NYSE:X) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.43 billion. United States Steel had a return on equity of 19.27% and a net margin of 6.95%. United States Steel’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $1.46 earnings per share. As a group, sell-side analysts expect that United States Steel Co. will post -0.01 EPS 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. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

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Institutional Ownership by Quarter for United States Steel (NYSE:X)

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