Arlington Capital Management buys $16,658,877 stake in United States Steel Corporation (X)

United States Steel Corporation (X) : Arlington Capital Management scooped up 57,553 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 Aug 2, 2016. The investment management firm now holds a total of 635,835 shares of United States Steel Corporation which is valued at $16,658,877.United States Steel Corporation makes up approximately 8.56% of Arlington Capital Management’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D reduced its stake in X by selling 15,000 shares or 42.86% in the most recent quarter. The Hedge Fund company now holds 20,000 shares of X which is valued at $524,000.Hl Financial Services reduced its stake in X by selling 500 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 18,875 shares of X which is valued at $481,124. United States Steel Corporation makes up approx 0.01% of Hl Financial Services’s portfolio.Next Financial Group Inc reduced its stake in X by selling 12 shares or 5.29% in the most recent quarter. The Hedge Fund company now holds 215 shares of X which is valued at $4,091.

United States Steel Corporation closed down -0.61 points or -2.31% at $25.83 with 96,78,602 shares getting traded on Monday. Post opening the session at $26.61, the shares hit an intraday low of $25.7 and an intraday high of $26.67 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 $-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. United States Steel Corporation was Upgraded by Jefferies to ” Hold” on Aug 5, 2016. Company shares were Reiterated by Barclays on Aug 3, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 22 from a previous price target of $16 .United States Steel Corporation was Downgraded by BofA/Merrill to ” Underperform” on Jul 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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