Arlington Capital Management adds United States Steel Corporation (X) to its portfolio

United States Steel Corporation (X) : Arlington Capital Management added new position in United States Steel Corporation during the most recent quarter end. The investment management firm now holds 578,282 shares of United States Steel Corporation which is valued at $10,923,747 , the company said in a statement filed on May 3, 2016 with the SEC.United States Steel Corporation makes up approximately 8.95% of Arlington Capital Management’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in X in the latest quarter, The investment management firm added 1,980 additional shares and now holds a total of 48,760 shares of United States Steel Corporation which is valued at $921,076. United States Steel Corporation makes up approx 0.06% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Rhumbline Advisers boosted its stake in X in the latest quarter, The investment management firm added 4,115 additional shares and now holds a total of 216,773 shares of United States Steel Corporation which is valued at $4,094,842. United States Steel Corporation makes up approx 0.01% of Rhumbline Advisers’s portfolio.Texas Permanent School Fund reduced its stake in X by selling 4,101 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 116,934 shares of X which is valued at $2,234,609. United States Steel Corporation makes up approx 0.03% of Texas Permanent School Fund’s portfolio.Advisory Services Network boosted its stake in X in the latest quarter, The investment management firm added 22,808 additional shares and now holds a total of 23,168 shares of United States Steel Corporation which is valued at $453,166. United States Steel Corporation makes up approx 0.12% of Advisory Services Network’s portfolio.

United States Steel Corporation opened for trading at $16.23 and hit $16.64 on the upside on Tuesday, eventually ending the session at $16.61, with a gain of 2.34% or 0.38 points. The heightened volatility saw the trading volume jump to 2,13,53,194 shares. Company has a market cap of $2,432 M.

On the company’s financial health, United States Steel Corporation reported $-2.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.89 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $-1.26. The company had revenue of $2341.00 million for the quarter, compared to analysts expectations of $2458.97 million. The company’s revenue was down -28.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.07 EPS.

Many Wall Street Analysts have commented on United States Steel Corporation. Company shares were Reiterated by Cowen on Apr 28, 2016 to “Market Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $8 .Rosenblatt Upgraded United States Steel Corporation on Apr 28, 2016 to ” Buy”, Price Target of the shares are set at $25.United States Steel Corporation was Downgraded by Macquarie to ” Underperform” on Apr 28, 2016.

United States Steel Corporation (U. S. Steel) is a 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). The results of the Company’s railroad and real estate businesses are combined under the Other Businesses category. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steel’s integrated steel plants in the United States except the Fairfield pipe facility. The USSE segment includes the operating results of U. S. Steel Kosice (USSK) the Company’s steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities primarily in the United States and equity investees in the United States and Brazil.

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