Alpine Global Management LLC Has $2.58 Million Stake in United States Steel Co. (NYSE:X)

Alpine Global Management LLC trimmed its position in shares of United States Steel Co. (NYSE:X) by 40.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 75,963 shares of the basic materials company’s stock after selling 50,552 shares during the period. Alpine Global Management LLC’s holdings in United States Steel were worth $2,582,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of United States Steel by 98.4% in the fourth quarter. Stifel Financial Corp now owns 44,682 shares of the basic materials company’s stock worth $1,519,000 after acquiring an additional 22,161 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of United States Steel in the fourth quarter worth about $554,000. Raymond James Financial Inc. bought a new position in shares of United States Steel in the fourth quarter worth about $2,844,000. Hartree Partners LP lifted its holdings in shares of United States Steel by 140.9% in the fourth quarter. Hartree Partners LP now owns 257,606 shares of the basic materials company’s stock worth $8,756,000 after acquiring an additional 150,669 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of United States Steel by 81.8% in the fourth quarter. IFP Advisors Inc now owns 1,405 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 632 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on X shares. Morgan Stanley increased their target price on shares of United States Steel from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $38.00 price objective (down previously from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, United States Steel presently has an average rating of “Hold” and an average target price of $39.22.

United States Steel Stock Up 2.3%

Shares of NYSE X opened at $42.99 on Friday. The company has a 50 day simple moving average of $42.05 and a 200 day simple moving average of $38.59. The firm has a market cap of $9.73 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $46.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.54 billion. United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 EPS. On average, research analysts forecast that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, May 12th. United States Steel’s dividend payout ratio is presently 68.97%.

United States Steel Profile

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.