Moors & Cabot Inc. cut its holdings in shares of United States Steel Co. (NYSE:X) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,707 shares of the basic materials company’s stock after selling 2,743 shares during the quarter. Moors & Cabot Inc.’s holdings in United States Steel were worth $610,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of X. Advisor Group Inc. increased its position in shares of United States Steel 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 purchasing an additional 308 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of United States Steel by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 32,591 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 606 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of United States Steel 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 purchasing an additional 674 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of United States Steel by 1.7% during the second quarter. Ameritas Investment Partners Inc. now owns 52,267 shares of the basic materials company’s stock valued at $1,157,000 after purchasing an additional 889 shares during the period. Finally, Flinton Capital Management LLC increased its position in shares of United States Steel by 1.8% during the second quarter. Flinton Capital Management LLC now owns 51,660 shares of the basic materials company’s stock valued at $1,144,000 after purchasing an additional 924 shares during the period. Institutional investors own 64.27% of the company’s stock.

Shares of United States Steel Co. (X) traded up $0.12 during mid-day trading on Friday, hitting $31.85. The stock had a trading volume of 9,572,028 shares, compared to its average volume of 9,495,967. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $5,552.58, a PE ratio of 22.19 and a beta of 3.00. United States Steel Co. has a 12 month low of $18.55 and a 12 month high of $41.83.

United States Steel (NYSE:X) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.67 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.07 billion. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. equities research analysts forecast that United States Steel Co. will post 1.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, November 9th. United States Steel’s payout ratio is presently 29.85%.

In other news, SVP Sara A. Greenstein sold 3,606 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $108,180.00. Following the transaction, the senior vice president now owns 51,744 shares of the company’s stock, valued at $1,552,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Fruehauf sold 5,959 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.00, for a total value of $178,770.00. Following the transaction, the insider now directly owns 7,960 shares in the company, valued at approximately $238,800. The disclosure for this sale can be found here. Insiders have sold 42,708 shares of company stock worth $1,349,921 in the last 90 days. Company insiders own 1.00% of the company’s stock.

A number of analysts have recently issued reports on the company. Axiom Securities upgraded United States Steel from a “sell” rating to a “hold” rating and lowered their price objective for the company from $41.83 to $18.55 in a research report on Monday, December 11th. ValuEngine upgraded United States Steel from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Longbow Research reiterated a “neutral” rating on shares of United States Steel in a research report on Tuesday, October 3rd. KeyCorp reiterated a “hold” rating on shares of United States Steel in a research report on Friday, November 17th. Finally, Cowen cut United States Steel from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $24.00 to $20.00 in a research report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $29.61.

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United States Steel 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 (NYSE:X)

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