Yakira Capital Management Inc. Sells 27,000 Shares of United States Steel Co. (NYSE:X)

Yakira Capital Management Inc. decreased its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,453 shares of the basic materials company's stock after selling 27,000 shares during the period. Yakira Capital Management Inc.'s holdings in United States Steel were worth $2,905,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of United States Steel by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock worth $698,791,000 after buying an additional 186,994 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in United States Steel by 1.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock worth $162,747,000 after acquiring an additional 68,230 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in United States Steel by 3.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock worth $162,242,000 after acquiring an additional 174,394 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of United States Steel by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock valued at $131,313,000 after acquiring an additional 22,380 shares during the period. Finally, Norges Bank acquired a new stake in shares of United States Steel in the 4th quarter valued at $130,731,000. 81.92% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 target price for the company. 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 report on Friday, March 7th. BMO Capital Markets reissued a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a report on Monday, March 31st. JPMorgan Chase & Co. raised their price target on United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Finally, Jefferies Financial Group reduced their price objective on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, United States Steel presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.65.

United States Steel Trading Down 2.0 %

NYSE:X traded down $0.83 during trading hours on Friday, hitting $40.04. 8,459,362 shares of the stock were exchanged, compared to its average volume of 5,398,961. The company's 50 day moving average is $39.80 and its two-hundred day moving average is $37.62. The company has a market capitalization of $9.07 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $46.18. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

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 net margin of 2.46% and a return on equity of 4.27%. On average, sell-side analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio is 13.42%.

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.