South Dakota Investment Council Increases Stake in United States Stl Corp New (X)

October 13, 2018 - By Louis Casey

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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 $8.39 million, 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 $5.07 billion market cap company. The stock increased 1.67% or $0.47 during the last trading session, reaching $28.62. About 5.71M 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 $4.58 billion US Long portfolio, decreased its stake in Greenhill & Co Inc (NYSE:GHL) by 203,401 shares to 281,492 shares, valued at $7.99 million in 2018Q2, according to the filing. It also reduced its holding in Anadarko Pete Corp (NYSE:APC) by 153,430 shares in the quarter, leaving it with 849,091 shares, and cut its stake in Kohls Corp (NYSE:KSS).

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. Cowen & Co maintained United States Steel Corporation (NYSE:X) on Monday, April 30 with “Hold” rating. The stock of United States Steel Corporation (NYSE:X) has “Buy” rating given on Monday, April 30 by J.P. Morgan. The firm has “Buy” rating given on Friday, April 27 by Bank of America. The stock of United States Steel Corporation (NYSE:X) earned “Buy” rating by Citigroup on Tuesday, June 12. The company was maintained on Monday, April 30 by BMO Capital Markets. UBS maintained the shares of X in report on Friday, May 11 with “Sell” rating. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, October 2. The company was maintained on Monday, April 30 by Citigroup. The firm earned “Overweight” rating on Tuesday, April 17 by Morgan Stanley. The stock of United States Steel Corporation (NYSE:X) has “Underweight” rating given on Monday, August 27 by Morgan Stanley.

United States Steel Corporation (NYSE:X) Ratings Chart

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