Is There A Rising Institutional Investor Interest in United States Steel Corporation (X)?

United States Steel Corporation (NYSE:X) marched up 26.66% compared to a 52-week low price of $17.08. The shares were last seen trading 4.49% higher, taking the closing price at $21.64 on 01/28/2019. At recent session, the prices were hovering between $20.98 and $21.725. This company shares are 42.7% off its target price of $30.88 and the current market capitalization stands at $3.84B. The recent change has given its price a -0.99% deficit over SMA 50 and -54.58% deficit over its 52-week high. The stock witnessed 25.3% gains, -19.16% declines and -43.44% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found X’s volatility during a week at 3.48% and during a month it has been found around 4.47%.

United States Steel Corporation (X) Top Holders

Institutional investors currently hold around $2.45 billion or 65.3% in X stock. Look at its top three institutional owners. Vanguard Group Inc owns $351.09 million in United States Steel Corporation, which represents roughly 9.14% of the company’s market cap and approximately 14.32% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 15,829,392 shares of the stock are valued at $342.55 million. The third largest holder is State Street Corp, which currently holds $121.74 million worth of this stock and that ownership represents nearly 3.17% of its market capitalization.

United States Steel Corporation 13F Filings

At the end of September reporting period, 209 institutional holders increased their position in United States Steel Corporation (NYSE:X) by some 18,469,395 shares, 175 decreased positions by 27,470,449 and 66 held positions by 67,359,616. That puts total institutional holdings at 113,299,460 shares, according to SEC filings. The stock grabbed 58 new institutional investments totaling 2,835,963 shares while 61 institutional investors sold out their entire positions totaling 11,488,315 shares.

United States Steel Corporation (NYSE:X) Insider Trades

Multiple company employees have indulged in significant insider trading. United States Steel Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP & CFO Bradley Kevin has acquired 10,000 shares of United States Steel Corporation (X) in trading session dated Dec. 13, 2018. These shares are worth $203,300 and were traded at $20.33 each. The SEC filing shows that Bruno James E. performed a sale of 12,000 shares. The Sr. VP – European Solutions disposed these shares by way of transaction on Nov. 20, 2018. The company’s shares were given away at $25.75 per share worth to an income of some $309,000 on account of Bruno James E..

EVP & CFO, Bradley Kevin, purchased 10,000 common shares of United States Steel Corporation (X) in the open market. In a transaction dated Nov. 07, 2018, the shares were bought at an average price of $29.53, giving away a sum of $295,300. After this purchase, 106,228 common shares of X are directly owned by the insider, with total stake valued at $2,298,774.

In the transaction dated Jun. 01, 2018, the great number of shares disposed came courtesy the Sr. VP – Consumer Solutions; Greenstein Sara A. disposed a total of 3,607 shares at an average price of $37.5, amounting to approximately $135,263. The insider now directly owns 825 shares worth $17,853.

United States Steel Corporation (X) Analyst Guide

Several analysts have released their opinion on United States Steel Corporation (NYSE:X), with 4 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 5 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.41 average brokerage recommendation.