Caxton Associates Lp adds United States Steel Corporation (X) to its portfolio

United States Steel Corporation (X) : Caxton Associates Lp added new position in United States Steel Corporation during the most recent quarter end. The investment management firm now holds 1,934,700 shares of United States Steel Corporation which is valued at $40,744,782 , the company said in a statement filed on Aug 12, 2016 with the SEC.United States Steel Corporation makes up approximately 1.68% of Caxton Associates Lp’s portfolio.

Other Hedge Funds, Including , Citadel Advisors boosted its stake in X in the latest quarter, The investment management firm added 41,704 additional shares and now holds a total of 644,955 shares of United States Steel Corporation which is valued at $13,582,752. United States Steel Corporation makes up approx 0.03% of Citadel Advisors’s portfolio.Comerica Bank boosted its stake in X in the latest quarter, The investment management firm added 4,303 additional shares and now holds a total of 104,514 shares of United States Steel Corporation which is valued at $2,201,065. United States Steel Corporation makes up approx 0.02% of Comerica Bank’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in X by selling 5,444 shares or 15.31% in the most recent quarter. The Hedge Fund company now holds 30,112 shares of X which is valued at $634,159. United States Steel Corporation makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Lsv Asset Management sold out all of its stake in X during the most recent quarter. The investment firm sold 286,900 shares of X which is valued $7,599,981.Sg Americas Securities boosted its stake in X in the latest quarter, The investment management firm added 12,412 additional shares and now holds a total of 92,225 shares of United States Steel Corporation which is valued at $2,416,295. United States Steel Corporation makes up approx 0.02% of Sg Americas Securities’s portfolio.

United States Steel Corporation opened for trading at $19.79 and hit $20.45 on the upside on Monday, eventually ending the session at $20.24, with a gain of 2.27% or 0.45 points. The heightened volatility saw the trading volume jump to 87,03,922 shares. Company has a market cap of $2,970 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. Citigroup Initiated United States Steel Corporation on Aug 22, 2016 to “Buy”, Price Target of the shares are set at $27.United States Steel Corporation was Downgraded by KeyBanc Capital Mkts to ” Underweight” on Aug 19, 2016. Shares were Reiterated by Rosenblatt on Aug 15, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $35 .

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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