Tidal Investments LLC 减少了其在美国钢铁公司（NYSE:X）的持股
Tidal Investments LLC decreased its stake in United States Steel Co. by 72.4% in the first quarter, according to its filing with the Securities and Exchange Commission. The fund owned 8,335 shares of the company's stock, worth $340,000. Other institutional investors have also bought and sold shares of the business. United States Steel's stock price traded down on Friday. The company recently reported quarterly earnings, beating analysts' estimates. They also announced a quarterly dividend. Several research firms have given ratings and target prices for the stock.
Tidal Investments LLC cut its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 72.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,335 shares of the basic materials company's stock after selling 21,882 shares during the quarter. Tidal Investments LLC's holdings in United States Steel were worth $340,000 at the end of the most recent reporting period.
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A number of other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in United States Steel in the fourth quarter valued at approximately $200,952,000. KRYGER CAPITAL Ltd acquired a new stake in shares of United States Steel in the fourth quarter worth approximately $95,529,000. Segantii Capital Management Ltd acquired a new position in United States Steel in the 4th quarter valued at $68,840,000. Bank of Nova Scotia purchased a new position in shares of United States Steel in the fourth quarter worth about $53,338,000. Finally, ING Groep NV purchased a new stake in shares of United States Steel in the fourth quarter valued at approximately $49,769,000. 81.92% of the stock is owned by hedge funds and other institutional investors.
United States Steel Stock Down 1.1 %
United States Steel stock traded down $0.44 during midday trading on Friday, reaching $41.37. The company's stock had a trading volume of 2,233,646 shares, compared to its average volume of 3,732,921. The business has a 50-day simple moving average of $38.52 and a 200-day simple moving average of $40.80. The company has a market cap of $9.31 billion, a P/E ratio of 12.12 and a beta of 1.93. United States Steel Co. has a fifty-two week low of $22.26 and a fifty-two week high of $50.20. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36.
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United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The firm's revenue for the quarter was down 17.8% on a year-over-year basis. During the same quarter last year, the company earned $1.92 earnings per share. On average, research analysts expect that United States Steel Co. will post 2.38 earnings per share for the current fiscal year.
United States Steel Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, August 12th. United States Steel's dividend payout ratio is currently 5.87%.
Analyst Upgrades and Downgrades
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Several research firms have weighed in on X. Jefferies Financial Group began coverage on shares of United States Steel in a report on Monday, May 20th. They issued a "buy" rating and a $45.00 target price on the stock. Morgan Stanley raised United States Steel from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $51.00 to $48.00 in a research note on Monday, May 6th. JPMorgan Chase & Co. decreased their price target on United States Steel from $43.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 16th. StockNews.com began coverage on United States Steel in a research report on Saturday, August 3rd. They set a "hold" rating for the company. Finally, BMO Capital Markets raised shares of United States Steel from a "market perform" rating to an "outperform" rating and upped their target price for the company from $43.00 to $45.00 in a research report on Wednesday, June 26th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $40.00.
Read Our Latest Research Report on United States Steel
United States Steel Company Profile
(Free Report)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.
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