Tyers Asset Management LLC Sells 19,294 Shares of United States Steel Co. (NYSE:X)

Tyers Asset Management LLC lessened its holdings in United States Steel Co. (NYSE:X) by 40.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,688 shares of the basic materials company’s stock after selling 19,294 shares during the quarter. Tyers Asset Management LLC’s holdings in United States Steel were worth $439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of United States Steel by 0.6% during the second quarter. Arizona State Retirement System now owns 125,118 shares of the basic materials company’s stock worth $1,916,000 after purchasing an additional 734 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in United States Steel by 2.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,940 shares of the basic materials company’s stock valued at $489,000 after acquiring an additional 779 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in United States Steel by 5.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 18,051 shares of the basic materials company’s stock valued at $276,000 after acquiring an additional 880 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV boosted its position in United States Steel by 7.1% during the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 15,045 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 1,000 shares in the last quarter. Finally, World Asset Management Inc boosted its position in United States Steel by 9.1% during the 2nd quarter. World Asset Management Inc now owns 12,889 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 1,071 shares in the last quarter. 60.91% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on X. ValuEngine cut United States Steel from a “sell” rating to a “strong sell” rating in a research report on Monday, August 26th. Vertical Group raised United States Steel from a “sell” rating to a “buy” rating in a research report on Wednesday, June 19th. Bank of America reaffirmed an “underperform” rating and set a $12.00 target price on shares of United States Steel in a research report on Friday, May 31st. Deutsche Bank cut United States Steel from a “hold” rating to a “sell” rating and set a $12.64 target price on the stock. in a research report on Thursday, May 30th. Finally, Goldman Sachs Group cut United States Steel from a “neutral” rating to a “sell” rating and dropped their target price for the company from $17.00 to $11.00 in a research report on Tuesday, June 4th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. United States Steel has an average rating of “Hold” and a consensus price target of $18.94.

Shares of United States Steel stock traded up $0.19 during trading on Friday, reaching $13.32. The company’s stock had a trading volume of 5,458,021 shares, compared to its average volume of 10,528,013. The company has a quick ratio of 0.74, a current ratio of 1.41 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 2.49, a P/E/G ratio of 2.28 and a beta of 3.01. United States Steel Co. has a 1-year low of $10.16 and a 1-year high of $30.91. The company has a 50-day simple moving average of $12.36 and a two-hundred day simple moving average of $15.48.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.43 billion. United States Steel had a return on equity of 19.27% and a net margin of 6.95%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 EPS. As a group, analysts anticipate that United States Steel Co. will post 0.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 14th were paid a $0.05 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.20 dividend on an annualized basis and a yield of 1.50%. United States Steel’s dividend payout ratio (DPR) is 3.73%.

United States Steel Company 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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