Bryn Mawr Capital Management LLC Reduces Stock Holdings in United States Steel Co. (NYSE:X)

Bryn Mawr Capital Management LLC lowered its stake in shares of United States Steel Co. (NYSE:X) by 4.1% during the 4th quarter, HoldingsChannel reports. The fund owned 6,538 shares of the basic materials company’s stock after selling 282 shares during the period. Bryn Mawr Capital Management LLC’s holdings in United States Steel were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its position in shares of United States Steel by 126.2% during the fourth quarter. Global Retirement Partners LLC now owns 9,025 shares of the basic materials company’s stock worth $307,000 after acquiring an additional 5,035 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of 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 in the last quarter. Allworth Financial LP lifted its position in shares of United States Steel by 149.4% during the fourth quarter. Allworth Financial LP now owns 1,337 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 801 shares in the last quarter. Rhumbline Advisers lifted its position in shares of United States Steel by 0.5% during the fourth quarter. Rhumbline Advisers now owns 624,008 shares of the basic materials company’s stock worth $21,210,000 after acquiring an additional 3,019 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of United States Steel by 26.4% in the fourth quarter. Van ECK Associates Corp now owns 477,016 shares of the basic materials company’s stock worth $16,214,000 after buying an additional 99,665 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on X. Morgan Stanley reiterated an “equal weight” rating and issued a $39.00 price objective on shares of United States Steel in a research report on Monday, February 3rd. BMO Capital Markets lowered their price objective on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Jefferies Financial Group lowered their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Bank of America began coverage on 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. Finally, JPMorgan Chase & Co. lowered their price objective on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, United States Steel presently has an average rating of “Moderate Buy” and an average price target of $39.82.

United States Steel Stock Down 2.6 %

X opened at $36.93 on Friday. The stock has a market cap of $8.32 billion, a PE ratio of 24.78, a P/E/G ratio of 1.58 and a beta of 1.86. 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 Co. has a 52 week low of $26.92 and a 52 week high of $48.13. The business’s fifty day simple moving average is $35.21 and its 200 day simple moving average is $36.91.

United States Steel (NYSE:X) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. As a group, research analysts expect that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be issued a $0.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. United States Steel’s dividend payout ratio is currently 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.