Wealth Enhancement Advisory Services LLC grew its stake in shares of United States Steel Co. (NYSE:X) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,804 shares of the basic materials company’s stock after acquiring an additional 1,448 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in United States Steel were worth $988,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of X. A.R.T. Advisors LLC raised its position in shares of United States Steel by 1.7% in the first quarter. A.R.T. Advisors LLC now owns 83,900 shares of the basic materials company’s stock valued at $2,952,000 after buying an additional 1,400 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of United States Steel by 0.6% in the second quarter. Retirement Systems of Alabama now owns 228,930 shares of the basic materials company’s stock valued at $7,955,000 after buying an additional 1,458 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of United States Steel by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 47,800 shares of the basic materials company’s stock valued at $1,661,000 after buying an additional 1,600 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of United States Steel by 3.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 54,650 shares of the basic materials company’s stock valued at $1,923,000 after buying an additional 1,830 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of United States Steel by 2.7% in the first quarter. Mason Street Advisors LLC now owns 88,340 shares of the basic materials company’s stock valued at $3,109,000 after buying an additional 2,291 shares in the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

A number of research firms have recently weighed in on X. ValuEngine downgraded shares of United States Steel from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Cowen decreased their price objective on shares of United States Steel from $41.00 to $37.00 and set a “market perform” rating on the stock in a research note on Monday, April 30th. BMO Capital Markets decreased their price objective on shares of United States Steel from $50.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, April 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of United States Steel from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, July 17th. Finally, UBS Group decreased their price objective on shares of United States Steel from $30.00 to $28.00 and set a “sell” rating on the stock in a research note on Friday, May 11th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. United States Steel has an average rating of “Hold” and an average target price of $41.12.

In other United States Steel news, VP Sara A. Greenstein sold 3,607 shares of the business’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $37.50, for a total transaction of $135,262.50. Following the sale, the vice president now owns 47,962 shares of the company’s stock, valued at $1,798,575. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.01% of the company’s stock.

United States Steel opened at $36.81 on Tuesday, according to MarketBeat. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 0.83 and a beta of 3.06. United States Steel Co. has a fifty-two week low of $22.38 and a fifty-two week high of $47.64. The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 0.75.

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: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.

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

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