Bryn Mawr Capital Management LLC Sells 282 Shares of United States Steel Co. (NYSE:X)

Bryn Mawr Capital Management LLC decreased its holdings in United States Steel Co. (NYSE:X) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Empirical Asset Management LLC bought a new position in shares of United States Steel during the fourth quarter worth approximately $525,000. ARS Investment Partners LLC bought a new position in shares of United States Steel during the fourth quarter worth approximately $15,510,000. Rockefeller Capital Management L.P. increased its stake in shares of United States Steel by 646.0% during the third 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 increased its stake in shares of United States Steel by 1.0% during the third 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. increased its stake in shares of United States Steel by 1.1% during the third 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. Institutional investors own 81.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets lowered their target price on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Bank of America began coverage on United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. reduced their price target 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. Jefferies Financial Group reduced their price target 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. Finally, Morgan Stanley reissued an “equal weight” rating and set a $39.00 price target on shares of United States Steel in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, United States Steel presently has a consensus rating of “Moderate Buy” and an average target price of $39.82.

United States Steel Trading Up 3.4 %

Shares of X stock opened at $39.04 on Friday. The stock’s fifty day moving average price is $35.79 and its two-hundred day moving average price is $36.82. The company has a market cap of $8.79 billion, a PE ratio of 26.20, a P/E/G ratio of 1.53 and a beta of 1.86. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $48.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share 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%. Equities analysts predict that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

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

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.