Impala Asset Management buys $60,112,085 stake in United States Steel Corporation (X)

United States Steel Corporation (X) : Impala Asset Management scooped up 1,878,547 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 12, 2016. The investment management firm now holds a total of 2,854,325 shares of United States Steel Corporation which is valued at $60,112,085.United States Steel Corporation makes up approximately 4.01% of Impala Asset Management’s portfolio.

Other Hedge Funds, Including , Bronfman E.l. Rothschild boosted its stake in X in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 234 shares of United States Steel Corporation which is valued at $4,928.Hodges Capital Management reduced its stake in X by selling 707,193 shares or 21.66% in the most recent quarter. The Hedge Fund company now holds 2,557,531 shares of X which is valued at $53,861,603. United States Steel Corporation makes up approx 2.49% of Hodges Capital Management’s portfolio.Omers Administration Corp reduced its stake in X by selling 10,900 shares or 43.25% in the most recent quarter. The Hedge Fund company now holds 14,300 shares of X which is valued at $301,158. United States Steel Corporation makes up approx 0.01% of Omers Administration Corp’s portfolio.Exane Derivatives reduced its stake in X by selling 2,033 shares or 62.4% in the most recent quarter. The Hedge Fund company now holds 1,225 shares of X which is valued at $32,095. United States Steel Corporation makes up approx 0.01% of Exane Derivatives’s portfolio.Retirement Systems Of Alabama boosted its stake in X in the latest quarter, The investment management firm added 253 additional shares and now holds a total of 188,882 shares of United States Steel Corporation which is valued at $4,814,602. United States Steel Corporation makes up approx 0.03% of Retirement Systems Of Alabama’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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