SG Americas Securities LLC Sells 78,380 Shares of United States Steel Co. (NYSE:X)

SG Americas Securities LLC lowered its stake in United States Steel Co. (NYSE:X - Free Report) by 95.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,638 shares of the basic materials company's stock after selling 78,380 shares during the period. SG Americas Securities LLC's holdings in United States Steel were worth $129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of X. Water Island Capital LLC raised its holdings 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. KGH Ltd raised its stake in shares of United States Steel by 68.2% during the second 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 during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of United States Steel by 94.3% during the first quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company's stock worth $8,601,000 after purchasing an additional 102,450 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of United States Steel by 146.4% in the first quarter. Gamco Investors INC. ET AL now owns 26,000 shares of the basic materials company's stock worth $1,060,000 after purchasing an additional 15,450 shares during the last quarter. Finally, CWM LLC increased its holdings in United States Steel by 54.5% in the second quarter. CWM LLC now owns 3,856 shares of the basic materials company's stock valued at $146,000 after purchasing an additional 1,360 shares during the period. Institutional investors own 81.92% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upgraded United States Steel from a "neutral" rating to an "overweight" rating and upped their price target for the company from $40.00 to $42.00 in a research report on Monday, September 9th. Glj Research raised shares of United States Steel from a "sell" rating to a "buy" rating and set a $38.57 target price for the company in a research report on Monday, September 9th. Morgan Stanley boosted their price target on shares of United States Steel from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. Jefferies Financial Group lowered their target price on shares of United States Steel from $47.00 to $41.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Finally, StockNews.com initiated coverage on shares of United States Steel in a research report on Monday, August 19th. They set a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, United States Steel has a consensus rating of "Moderate Buy" and a consensus price target of $40.62.

United States Steel Stock Down 1.8 %

Shares of NYSE X traded down $0.71 during trading on Friday, hitting $38.79. 2,364,058 shares of the company traded hands, compared to its average volume of 4,365,458. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.72. The business's fifty day moving average is $36.45 and its 200 day moving average is $37.80. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 17.32 and a beta of 1.87. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $50.20.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The company's quarterly revenue was down 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 earnings per share. Equities research analysts predict that United States Steel Co. will post 2.17 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, August 12th. This represents a $0.20 annualized dividend and a yield of 0.52%. United States Steel's payout ratio is 8.93%.

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.