Bryn Mawr Capital Management LLC Has $222,000 Stock Position in United States Steel Co. (NYSE:X)

Bryn Mawr Capital Management LLC reduced its position in shares of United States Steel Co. (NYSE:X) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,538 shares of the basic materials company’s stock after selling 282 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in United States Steel were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Donald Smith & CO. Inc. raised its stake in United States Steel by 7.4% during the 3rd quarter. Donald Smith & CO. Inc. now owns 4,719,845 shares of the basic materials company’s stock worth $166,752,000 after buying an additional 326,876 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in United States Steel by 26.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company’s stock worth $162,477,000 after purchasing an additional 964,467 shares in the last quarter. Geode Capital Management LLC increased its holdings in United States Steel by 1.0% during 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in United States Steel by 1.1% during 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 in the last quarter. Finally, Castle Hook Partners LP bought a new stake in United States Steel during the 3rd quarter worth approximately $91,712,000. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Stock Performance

X stock opened at $36.93 on Friday. The firm 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. The business has a 50 day moving average of $35.21 and a 200-day moving average of $36.91. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $48.13.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) 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%. As a group, sell-side analysts expect that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.54%. United States Steel’s payout ratio is 13.42%.

Wall Street Analyst Weigh In

A number of brokerages have commented on X. Bank of America began coverage on United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating and set a $39.00 price objective on shares of United States Steel in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, January 17th. BMO Capital Markets decreased their price objective on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Jefferies Financial Group reduced their target price on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United States Steel presently has a consensus rating of “Moderate Buy” and an average price target 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.