First Allied Advisory Services Inc. increased its stake in United States Steel Corporation (NYSE:X) by 72.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,977 shares of the basic materials company’s stock after acquiring an additional 4,616 shares during the quarter. First Allied Advisory Services Inc.’s holdings in United States Steel Corporation were worth $245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Management Co. LLC grew its holdings in shares of United States Steel Corporation by 221.0% during the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock valued at $121,000 after buying an additional 3,768 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of United States Steel Corporation by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after buying an additional 674 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of United States Steel Corporation during the first quarter valued at $209,000. Sigma Planning Corp grew its holdings in shares of United States Steel Corporation by 21.3% during the second quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock valued at $214,000 after buying an additional 1,696 shares in the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of United States Steel Corporation by 3.2% during the second quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after buying an additional 308 shares in the last quarter. Institutional investors and hedge funds own 63.95% of the company’s stock.

United States Steel Corporation (NYSE X) opened at 24.98 on Wednesday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 158.10 and a beta of 2.89. United States Steel Corporation has a one year low of $16.17 and a one year high of $41.83. The stock has a 50 day moving average price of $25.79 and a 200 day moving average price of $24.52.

United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.66. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.32) earnings per share. On average, equities analysts predict that United States Steel Corporation will post $1.73 EPS for the current fiscal year.

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X has been the topic of a number of research analyst reports. Citigroup Inc. upgraded United States Steel Corporation to a “hold” rating in a report on Tuesday, June 13th. Axiom Securities reiterated a “sell” rating and set a $14.00 price target on shares of United States Steel Corporation in a report on Wednesday, June 14th. Cowen and Company set a $21.00 price target on United States Steel Corporation and gave the company a “hold” rating in a report on Thursday, June 15th. BMO Capital Markets reiterated a “market perform” rating on shares of United States Steel Corporation in a report on Friday, June 16th. Finally, Longbow Research upgraded United States Steel Corporation from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.29.

In related news, CFO Kevin Bradley bought 36,762 shares of the firm’s stock in a transaction on 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 purchase, the chief financial officer now owns 30,415 shares in the company, valued at approximately $828,200.45. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Eugene Sperling bought 1,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of $25.16 per share, for a total transaction of $25,160.00. Following the purchase, the director now owns 3,009 shares of the company’s stock, valued at approximately $75,706.44. The disclosure for this purchase can be found here. Insiders purchased 64,597 shares of company stock worth $1,764,452 over the last three months. 1.00% of the stock is currently owned by insiders.

United States Steel Corporation Company 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).

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

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