Los Angeles Capital Management & Equity Research Inc. grew its position in United States Steel Corporation (NYSE:X) by 135.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,070 shares of the basic materials company’s stock after purchasing an additional 42,031 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in United States Steel Corporation were worth $1,618,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Global X Management Co. LLC boosted its stake in shares of United States Steel Corporation by 221.0% in the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after buying an additional 3,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of United States Steel Corporation by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after buying an additional 674 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of United States Steel Corporation in the first quarter worth about $209,000. Sigma Planning Corp boosted its stake in shares of United States Steel Corporation by 21.3% in the second quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock worth $214,000 after buying an additional 1,696 shares during the last quarter. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of United States Steel Corporation in the second quarter worth about $221,000. 63.36% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director Murry Gerber acquired 4,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was acquired at an average cost of $26.89 per share, for a total transaction of $107,560.00. Following the acquisition, the director now directly owns 168,457 shares in the company, valued at approximately $4,529,808.73. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin Bradley acquired 36,762 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were purchased at an average price of $27.23 per share, with a total value of $1,001,029.26. Following the completion of the acquisition, the chief financial officer now owns 30,415 shares in the company, valued at $828,200.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 63,597 shares of company stock valued at $1,739,292. Insiders own 1.00% of the company’s stock.

United States Steel Corporation (X) opened at 25.09 on Monday. The stock’s 50 day moving average price is $24.89 and its 200 day moving average price is $26.01. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 158.80 and a beta of 2.88. United States Steel Corporation has a 52-week low of $15.72 and a 52-week high of $41.83.

United States Steel Corporation (NYSE:X) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.66. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.98 billion. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.32) EPS. On average, analysts forecast that United States Steel Corporation will post $1.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. United States Steel Corporation’s payout ratio is 125.00%.

A number of brokerages have issued reports on X. Citigroup Inc. increased their price target on United States Steel Corporation from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Friday. BMO Capital Markets reiterated a “market perform” rating on shares of United States Steel Corporation in a research report on Friday, September 8th. Macquarie began coverage on United States Steel Corporation in a research report on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price target on the stock. Standpoint Research downgraded United States Steel Corporation from a “buy” rating to a “reduce” rating in a research report on Tuesday, September 5th. Finally, Bank of America Corporation upgraded United States Steel Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $29.00 to $31.00 in a research report on Tuesday, September 5th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. United States Steel Corporation presently has a consensus rating of “Hold” and an average target price of $28.52.

United States Steel Corporation Profile

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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

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