Great West Life Assurance Co. Can Lowers Position in United States Steel Co. (NYSE:X)

Great West Life Assurance Co. Can lowered its holdings in United States Steel Co. (NYSE:X) by 14.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 87,123 shares of the basic materials company’s stock after selling 14,645 shares during the quarter. Great West Life Assurance Co. Can’s holdings in United States Steel were worth $1,005,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in X. Amundi Pioneer Asset Management Inc. raised its holdings in shares of United States Steel by 1.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 159,943 shares of the basic materials company’s stock valued at $3,117,000 after acquiring an additional 2,795 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of United States Steel by 14.0% in the 2nd quarter. WINTON GROUP Ltd now owns 45,762 shares of the basic materials company’s stock valued at $701,000 after acquiring an additional 5,608 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of United States Steel by 2.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 31,940 shares of the basic materials company’s stock valued at $489,000 after acquiring an additional 779 shares in the last quarter. Exane Derivatives raised its holdings in shares of United States Steel by 314.5% in the 2nd quarter. Exane Derivatives now owns 33,555 shares of the basic materials company’s stock valued at $514,000 after acquiring an additional 25,460 shares in the last quarter. Finally, TB Alternative Assets Ltd. purchased a new stake in shares of United States Steel in the 2nd quarter valued at about $5,545,000. 60.12% of the stock is currently owned by hedge funds and other institutional investors.

X opened at $12.84 on Thursday. The stock’s 50 day simple moving average is $11.42 and its 200 day simple moving average is $13.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 0.69. United States Steel Co. has a 1 year low of $9.93 and a 1 year high of $29.84. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 2.40 and a beta of 3.04.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.08. United States Steel had a return on equity of 10.57% and a net margin of 4.56%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the company earned $1.79 EPS. United States Steel’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that United States Steel Co. will post 0.03 EPS for the current year.

The business also recently declared a dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 13th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 12th. United States Steel’s payout ratio is 3.73%.

Several equities analysts have recently commented on the company. ValuEngine upgraded United States Steel from a “hold” rating to a “buy” rating in a research report on Monday, October 7th. Credit Suisse Group reduced their price objective on United States Steel from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Thursday, September 19th. Argus lowered United States Steel from a “buy” rating to a “hold” rating in a research report on Tuesday. Cfra lowered United States Steel from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lowered United States Steel from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $26.00 to $14.00 in a research report on Monday, September 23rd. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.55.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

Read More: Growth Stocks

Want to see what other hedge funds are holding X? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Steel Co. (NYSE:X).

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

Receive News & Ratings for United States Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel and related companies with MarketBeat.com's FREE daily email newsletter.