Hodges Capital Management buys $46.9 Million stake in United States Steel Corporation (X)

United States Steel Corporation (X) : Hodges Capital Management scooped up 591,035 additional shares in United States Steel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 26, 2016. The investment management firm now holds a total of 3,264,724 shares of United States Steel Corporation which is valued at $46.9 Million.United States Steel Corporation makes up approximately 2.14% of Hodges Capital Management’s portfolio.

Other Hedge Funds, Including , Dynamic Capital Management Ltd sold out all of its stake in X during the most recent quarter. The investment firm sold 43,700 shares of X which is valued $583,832.Public Employees Retirement System Of Ohio reduced its stake in X by selling 2,709 shares or 8.26% in the most recent quarter. The Hedge Fund company now holds 30,104 shares of X which is valued at $402,189. D. E. Shaw sold out all of its stake in X during the most recent quarter. The investment firm sold 172,347 shares of X which is valued $2.3 Million. Dekabank Deutsche Girozentrale added X to its portfolio by purchasing 5,177 company shares during the most recent quarter which is valued at $72,374. Cornerstone Capital Management Holdings. added X to its portfolio by purchasing 121,852 company shares during the most recent quarter which is valued at $1.7 Million. United States Steel Corporation makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio.

United States Steel Corporation closed down -0.4 points or -2.76% at $14.07 with 1,46,54,560 shares getting traded on Wednesday. Post opening the session at $14.27, the shares hit an intraday low of $13.72 and an intraday high of $14.4 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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