Alpine Global Management LLC Decreases Stock Holdings in United States Steel Co. (NYSE:X)

Alpine Global Management LLC decreased its position in United States Steel Co. (NYSE:X - Free Report) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in shares of United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after buying an additional 277 shares during the last quarter. CIBC Asset Management Inc boosted its position in United States Steel by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock worth $234,000 after acquiring an additional 366 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in United States Steel by 0.8% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company's stock valued at $1,690,000 after acquiring an additional 412 shares in the last quarter. Covestor Ltd raised its holdings in United States Steel by 17.2% in the 4th quarter. Covestor Ltd now owns 2,891 shares of the basic materials company's stock valued at $98,000 after acquiring an additional 424 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of United States Steel by 50.0% during the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock worth $45,000 after purchasing an additional 442 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

United States Steel Trading Up 0.9 %

Shares of X traded up $0.39 during midday trading on Friday, hitting $42.65. 5,065,528 shares of the stock were exchanged, compared to its average volume of 5,469,772. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm has a market cap of $9.66 billion, a P/E ratio of 28.62, a P/E/G ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $46.18. The stock has a fifty day simple moving average of $40.34 and a 200 day simple moving average of $37.99.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. On average, research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.47%. United States Steel's payout ratio is 13.42%.

Wall Street Analysts Forecast Growth

X has been the subject of a number of recent research reports. Jefferies Financial Group cut their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Morgan Stanley raised their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. Bank of America began coverage on shares of United States Steel in a report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 price objective (down 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $39.94.

United States Steel Company 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.