As United States Stl Corp New (X) Market Valuation Declined, Holder South Dakota Investment Council Has Lifted Its Stake

October 13, 2018 - By Vivian Park

United States Steel Corporation (NYSE:X) Logo

South Dakota Investment Council increased its stake in United States Stl Corp New (X) by 67.99% based on its latest 2018Q2 regulatory filing with the SEC. South Dakota Investment Council bought 97,700 shares as the company’s stock declined 23.14% while stock markets rallied. The institutional investor held 241,400 shares of the steel and iron ore company at the end of 2018Q2, valued at $8.39M, up from 143,700 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in United States Stl Corp New for a number of months, seems to be bullish on the $5.07B market cap company. The stock increased 1.67% or $0.47 during the last trading session, reaching $28.62. About 5.71 million shares traded. United States Steel Corporation (NYSE:X) has risen 7.76% since October 13, 2017 and is uptrending. It has underperformed by 7.86% the S&P500.

South Dakota Investment Council, which manages about $4.58B US Long portfolio, decreased its stake in Conocophillips (NYSE:COP) by 131,172 shares to 11,200 shares, valued at $780,000 in 2018Q2, according to the filing. It also reduced its holding in Union Pac Corp (NYSE:UNP) by 38,750 shares in the quarter, leaving it with 256,330 shares, and cut its stake in Medtronic Plc (NYSE:MDT).

United States Steel Corporation (NYSE:X) Ratings Coverage

Among 9 analysts covering United States Steel (NYSE:X), 4 have Buy rating, 2 Sell and 3 Hold. Therefore 44% are positive. United States Steel had 12 analyst reports since April 17, 2018 according to SRatingsIntel. J.P. Morgan maintained the shares of X in report on Monday, April 30 with “Buy” rating. The stock of United States Steel Corporation (NYSE:X) has “Hold” rating given on Monday, April 30 by Cowen & Co. The firm has “Sell” rating by UBS given on Friday, May 11. The stock of United States Steel Corporation (NYSE:X) earned “Buy” rating by Citigroup on Tuesday, June 12. The firm has “Buy” rating given on Monday, April 30 by Citigroup. The firm has “Hold” rating given on Tuesday, October 2 by Deutsche Bank. Bank of America upgraded United States Steel Corporation (NYSE:X) on Friday, April 27 to “Buy” rating. The stock of United States Steel Corporation (NYSE:X) earned “Overweight” rating by Morgan Stanley on Tuesday, April 17. The firm has “Underweight” rating by Morgan Stanley given on Monday, August 27. On Monday, April 30 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

United States Steel Corporation (NYSE:X) Ratings Chart

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