361 Capital Lowers stake in United States Steel Corporation (X)

United States Steel Corporation (X) : 361 Capital reduced its stake in United States Steel Corporation by 1.65% during the most recent quarter end. The investment management company now holds a total of 3,690 shares of United States Steel Corporation which is valued at $102,508 after selling 62 shares in United States Steel Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.United States Steel Corporation makes up approximately 0.95% of 361 Capital’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al boosted its stake in X in the latest quarter, The investment management firm added 191,046 additional shares and now holds a total of 203,746 shares of United States Steel Corporation which is valued at $5,660,064. United States Steel Corporation makes up approx 0.21% of Tudor Investment Corp Et Al’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in X in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 18,566 shares of United States Steel Corporation which is valued at $457,838.New York State Common Retirement Fund reduced its stake in X by selling 53,395 shares or 14.15% in the most recent quarter. The Hedge Fund company now holds 323,920 shares of X which is valued at $6,682,470. United States Steel Corporation makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Oakbrook Investments boosted its stake in X in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 15,200 shares of United States Steel Corporation which is valued at $295,792. United States Steel Corporation makes up approx 0.02% of Oakbrook Investments’s portfolio.

United States Steel Corporation closed down -0.6 points or -2.06% at $28.57 with 1,61,04,329 shares getting traded on Monday. Post opening the session at $28.92, the shares hit an intraday low of $28.31 and an intraday high of $29.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, United States Steel Corporation reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.44 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.84. The company had revenue of $2686.00 million for the quarter, compared to analysts expectations of $2790.76 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.70 EPS.

Many Wall Street Analysts have commented on United States Steel Corporation. United States Steel Corporation was Downgraded by Rosenblatt to ” Neutral” on Nov 21, 2016. United States Steel Corporation was Upgraded by Morgan Stanley to ” Overweight” on Nov 14, 2016. United States Steel Corporation was Upgraded by Jefferies to ” Buy” on Nov 9, 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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