Advisory Services Network LLC increased its position in shares of United States Steel Corporation (NYSE:X) by 21.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,050 shares of the basic materials company’s stock after purchasing an additional 3,900 shares during the quarter. Advisory Services Network LLC’s holdings in United States Steel Corporation were worth $488,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global X Management Co. LLC lifted its stake in United States Steel Corporation by 221.0% during the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 3,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in United States Steel Corporation by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after buying an additional 674 shares during the last quarter. Sigma Planning Corp lifted its stake in United States Steel Corporation by 21.3% in the second quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock valued at $214,000 after buying an additional 1,696 shares during the last quarter. Advisor Group Inc. lifted its stake in United States Steel Corporation by 3.2% in the second quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after buying an additional 308 shares during the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in United States Steel Corporation in the second quarter valued at $221,000. Hedge funds and other institutional investors own 63.98% of the company’s stock.

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A number of equities research analysts have issued reports on X shares. Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 target price on shares of United States Steel Corporation in a research note on Thursday, August 31st. BidaskClub upgraded United States Steel Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Bank of America Corporation upgraded United States Steel Corporation from a “neutral” rating to a “buy” rating and raised their target price for the company from $29.00 to $31.00 in a research note on Tuesday, September 5th. Cowen and Company reiterated a “hold” rating and issued a $24.00 target price on shares of United States Steel Corporation in a research note on Friday, September 1st. Finally, Deutsche Bank AG upgraded United States Steel Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, June 23rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.29.

In other news, Director Eugene Sperling bought 1,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the transaction, the director now directly owns 3,009 shares in the company, valued at approximately $75,706.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin Bradley bought 36,762 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were purchased at an average price of $27.23 per share, with a total value of $1,001,029.26. Following the transaction, the chief financial officer now owns 30,415 shares of the company’s stock, valued at $828,200.45. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 64,597 shares of company stock valued at $1,764,452. 1.00% of the stock is currently owned by corporate insiders.

United States Steel Corporation (X) traded up 1.48% on Friday, reaching $28.09. The company had a trading volume of 2,197,643 shares. United States Steel Corporation has a 12 month low of $16.50 and a 12 month high of $41.83. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 177.78 and a beta of 2.89. The company’s 50 day moving average price is $26.05 and its 200-day moving average price is $24.31.

United States Steel Corporation (NYSE:X) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.66. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.98 billion. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.32) earnings per share. On average, equities analysts predict that United States Steel Corporation will post $1.65 earnings per share for the current fiscal year.

About United States Steel Corporation

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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Institutional Ownership by Quarter for United States Steel Corporation (NYSE:X)

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