Bryn Mawr Capital Management LLC Cuts Position in United States Steel Co. (NYSE:X)

Bryn Mawr Capital Management LLC lessened its holdings in United States Steel Co. (NYSE:X) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empirical Asset Management LLC purchased a new position in shares of United States Steel in the 4th quarter worth approximately $525,000. ARS Investment Partners LLC bought a new stake in shares of United States Steel in the 4th quarter worth approximately $15,510,000. Rockefeller Capital Management L.P. raised its holdings in shares of United States Steel by 646.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock worth $17,902,000 after purchasing an additional 438,771 shares during the period. Geode Capital Management LLC raised its holdings in shares of United States Steel by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock worth $135,691,000 after purchasing an additional 37,528 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of United States Steel by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock worth $91,883,000 after purchasing an additional 28,293 shares during the period. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

NYSE X opened at $39.04 on Friday. The company has a 50-day simple moving average of $35.79 and a two-hundred day simple moving average of $36.82. 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 12-month low of $26.92 and a 12-month high of $48.13. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.53 and a beta of 1.86.

United States Steel (NYSE:X) 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, equities analysts forecast that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, February 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.51%. United States Steel’s payout ratio is 13.42%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $39.00 price target on shares of United States Steel in a report on Monday, February 3rd. BMO Capital Markets lowered their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Jefferies Financial Group lowered their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America initiated coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.82.

About United States Steel

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.