SG Americas Securities LLC Has $129,000 Stock Position in United States Steel Co. (NYSE:X)

SG Americas Securities LLC lessened its stake in United States Steel Co. (NYSE:X) by 95.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,638 shares of the basic materials company’s stock after selling 78,380 shares during the quarter. SG Americas Securities LLC’s holdings in United States Steel were worth $129,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in X. KGH Ltd lifted its position in United States Steel by 68.2% in the 2nd quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock valued at $160,839,000 after acquiring an additional 1,724,670 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of United States Steel by 4,305.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,634,364 shares of the basic materials company’s stock valued at $137,379,000 after purchasing an additional 3,551,870 shares in the last quarter. Alpine Associates Management Inc. boosted its position in shares of United States Steel by 13.5% during the second quarter. Alpine Associates Management Inc. now owns 2,667,932 shares of the basic materials company’s stock worth $100,848,000 after buying an additional 316,800 shares during the period. Murchinson Ltd. grew its holdings in shares of United States Steel by 66.5% during the first quarter. Murchinson Ltd. now owns 2,100,000 shares of the basic materials company’s stock worth $85,638,000 after buying an additional 838,653 shares in the last quarter. Finally, Water Island Capital LLC raised its position in United States Steel by 5.3% in the 2nd quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock valued at $34,250,000 after buying an additional 45,567 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

Wall Street Analysts Forecast Growth

X has been the subject of several research reports. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Friday, September 6th. Morgan Stanley raised their target price on shares of United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $42.00 in a research report on Monday, September 9th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective for the company in a report on Monday, September 9th. Finally, StockNews.com started coverage on United States Steel in a research report on Monday, August 19th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.62.

United States Steel Price Performance

Shares of NYSE X opened at $38.82 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average price is $36.45 and its two-hundred day moving average price is $37.80. The company has a market cap of $8.73 billion, a PE ratio of 17.33 and a beta of 1.87. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $50.20.

United States Steel (NYSE:X) last posted its earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the firm earned $1.92 EPS. The firm’s revenue was down 17.8% compared to the same quarter last year. On average, analysts predict that United States Steel Co. will post 2.17 EPS for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, August 12th. United States Steel’s dividend payout ratio is presently 8.93%.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.