GSA Capital Partners LLP acquired a new position in shares of United States Steel Corporation (NYSE:X) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 16,208 shares of the basic materials company’s stock, valued at approximately $359,000.

A number of other large investors have also recently bought and sold shares of X. BlackRock Inc. increased its stake in United States Steel Corporation by 12,021.7% during the 1st quarter. BlackRock Inc. now owns 14,279,755 shares of the basic materials company’s stock worth $482,799,000 after buying an additional 14,161,952 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in United States Steel Corporation during the 2nd quarter worth approximately $37,749,000. Vanguard Group Inc. increased its stake in United States Steel Corporation by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 16,743,496 shares of the basic materials company’s stock worth $566,096,000 after buying an additional 1,539,412 shares in the last quarter. Hodges Capital Management Inc. increased its stake in United States Steel Corporation by 160.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 1,588,774 shares of the basic materials company’s stock worth $35,175,000 after buying an additional 978,199 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in United States Steel Corporation during the 2nd quarter worth approximately $20,786,000. Institutional investors own 63.98% of the company’s stock.

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United States Steel Corporation (NYSE X) opened at 27.36 on Monday. United States Steel Corporation has a 12-month low of $16.50 and a 12-month high of $41.83. The company has a 50-day moving average price of $25.93 and a 200-day moving average price of $24.37. The firm has a market capitalization of $4.79 billion, a PE ratio of 173.16 and a beta of 2.89.

United States Steel Corporation (NYSE:X) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.66. The firm had revenue of $3.14 billion during 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%. United States Steel Corporation’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) EPS. On average, analysts predict that United States Steel Corporation will post $1.64 earnings per share for the current year.

Several equities research analysts have commented on the company. Macquarie assumed coverage on United States Steel Corporation in a research note on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price objective for the company. Standpoint Research cut United States Steel Corporation from a “buy” rating to a “reduce” rating in a report on Tuesday, September 5th. Bank of America Corporation upgraded United States Steel Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $29.00 to $31.00 in a report on Tuesday, September 5th. BMO Capital Markets restated a “market perform” rating on shares of United States Steel Corporation in a report on Friday, September 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $32.00 target price on shares of United States Steel Corporation in a report on Thursday, August 31st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. United States Steel Corporation has a consensus rating of “Hold” and a consensus price target of $28.29.

In related news, Director Murry Gerber purchased 4,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were bought at an average price 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 $4,529,808.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Bradley purchased 36,762 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was bought at an average price of $27.23 per share, for a total transaction of $1,001,029.26. Following 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. In the last quarter, insiders acquired 64,597 shares of company stock worth $1,764,452. 1.00% of the stock is owned by company 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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