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United States Steel Corporation (NYSE:X) Short Interest Up 18.6% in June

United States Steel Corporation (NYSE:X) Short Interest Up 18.6% in June

Deutsche Bank AG upgraded shares of United States Steel Corporation from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Friday, June 23rd.

Other equities research analysts have also issued research reports about the company. Mason Street Advisors has an ownership of 9,100 stocks of the basic materials firms shares valued $172,000 after scooping up an extra 596 shares through out the previous quarter, Invictus RG bought a fresh position in stocks of Timken Steel Corporation during the Q1 valued about $176,000.

Barclays "Maintained" AK Steel Holding Corp (NYSE:AKS) in a research note issued to investors on 8/03/17 to Equal-Weight with price target of $7. Clarkson Capital raised shares of AK Steel Holding Corporation from a "neutral" rating to a "buy" rating and set a $8.00 price target for the company in a report on Thursday, May 25th. Timken Steel Corporation presently has an average rating of "Hold" and an average target price of $18.83.

In terms of Buy, Sell or Hold recommendations, AK Steel Holding Corp (NYSE:AKS) has analysts' mean recommendation of 2.5. About 11.42M shares traded. The company has a 50 day moving average price of $23.18 and a 200-day moving average price of $27.83. Timken Steel Corporation has a 52 week low of $8.36 and a 52 week high of $23.00. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 14.06 and a beta of 2.86. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. AK Steel Holding Corporation had a return on equity of 735.25% and a net margin of 1.88%. During the same quarter a year ago, the firm earned $0.08 earnings per share.

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The following firms have also recently changed their position in AKS. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.05 per share. Citigroup initiated AK Steel Holding Corporation (NYSE:AKS) on Monday, August 22 with "Neutral" rating. This represents a $0.20 annualized dividend and a yield of 0.86%. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in United States Steel Corporation by 21.4% in the first quarter. Vanguard Group Inc. boosted its stake in shares of United States Steel Corporation by 10.1% in the first quarter. The shares were purchased at an average cost of $19.31 per share, with a total value of $28,965.00.

In related news, Director Paul Anthony Mascarenas acquired 1,500 shares of the stock in a transaction that occurred on Thursday, May 18th. Also, Director Stephen J. Girsky acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, May 16th. Following the purchase, the director now owns 12,377 shares of the company's stock, valued at approximately $238,999.87. The disclosure for this purchase can be found here.

Institutional investors now hold around $1.33 billion or 79.9% in AKS stock. State of New Jersey Common Pension Fund D purchased a new stake in shares of United States Steel Corporation during the second quarter worth $37,749,000. Guggenheim Capital LLC now owns 90,067 shares of the basic materials company's stock worth $920,000 after buying an additional 67,136 shares in the last quarter.

As of quarter end Goldman Sachs Group Inc had acquired a total of 5,269,717 shares growing its position 29,203.2%. Dimensional Fund Advisors LP now owns 6,162,355 shares of the basic materials company's stock valued at $40,489,000 after buying an additional 772,725 shares during the period. BlackRock Inc. boosted its stake in shares of United States Steel Corporation by 12,021.7% in the first quarter. World Asset Management Inc now owns 19,969 shares of the basic materials company's stock worth $144,000 after buying an additional 283 shares during the last quarter. The value of the investment in AKS decreased from $859,000 to $513,000 a change of $346,000 since the last quarter. Bowling Portfolio Management LLC owned approximately 0.07% of AK Steel Holding Corporation worth $1,410,000 as of its most recent SEC filing. Nomura Holdings Inc augmented its investment by buying 15,634 shares an increase of 110.6%.

Timken Steel Corporation had its "outperform" rating reiterated by analysts at Cowen. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing.


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