Sassicaia Capital Advisers LLC Takes Position in United States Steel Co. (NYSE:X)

Sassicaia Capital Advisers LLC bought a new stake in United States Steel Co. (NYSE:X - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,000 shares of the basic materials company's stock, valued at approximately $272,000. United States Steel accounts for about 6.6% of Sassicaia Capital Advisers LLC's holdings, making the stock its 4th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings 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 period. Ameliora Wealth Management Ltd. acquired a new position in shares of United States Steel in the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new position in shares of United States Steel in the fourth quarter valued at approximately $30,000. Parkworth Wealth Management Inc. acquired a new position in shares of United States Steel in the fourth quarter valued at approximately $31,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of United States Steel in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Analysts Set New Price Targets

X has been the subject of several research analyst reports. Jefferies Financial Group reduced their price target on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. Morgan Stanley upped their price target on shares of United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a report on Friday, March 7th. BMO Capital Markets reissued a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a research report on Monday, March 31st. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $38.00 price objective (down previously from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Finally, Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $39.94.

United States Steel Stock Performance

NYSE X traded up $0.59 on Monday, hitting $43.27. 4,852,924 shares of the stock were exchanged, compared to its average volume of 5,476,287. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The business's fifty day moving average is $40.51 and its 200 day moving average is $38.12. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $46.18. The company has a market capitalization of $9.80 billion, a PE ratio of 29.04, a P/E/G ratio of 1.53 and a beta of 1.79.

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

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's payout ratio is presently 13.42%.

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.