BNP Paribas Arbitrage SA Reduces Position in Timken Steel Corporation (TMST)

Axiom Securities restated a "sell" rating on shares of United States Steel Corporation in a research note on Friday, March 3rd. 02, 2017. Meanwhile, due to a recent pullback which led to a fall of nearly -1.37% in the past one month, the stock price is now with underperforming -4.31% so far on the year - still in weak zone. Citigroup Inc. cut AK Steel Holding Corporation from a "neutral" rating to a "sell" rating and set a $8.00 price target on the stock.in a report on Thursday, January 19th. Jefferies Group LLC dropped their target price on United States Steel Corporation from $50.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, May 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. The Stock now has a Weekly Volatility of 4.20% and Monthly Volatility of 5.72%. United States Steel Corporation (NYSE:X) has risen 45.54% since June 21, 2016 and is uptrending. The company saw 10.54 million shares trade hands over the course of the day. The Company has 52-week high of $11.39 and 52-week low of $3.87.

United States Steel Corporation (NYSE:X) last posted its quarterly earnings results on Tuesday, April 25th.

Previously AK Steel Holding Corp (NYSE:AKS) reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Wall Street analysts polled by Thomson Reuters have a current recommendation of 2.60 on a consensus basis for the stock. Currently AK Steel Holding Corporation (AKS) has beta value of 2.89. During the same period in the prior year, the company posted ($2.15) EPS. BNP Paribas Arbitrage SA's holdings in Timken Steel Corporation were worth $157,000 as of its most recent filing with the SEC. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and worldwide trademark and copyright law. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/06/23/td-asset-management-inc-has-2-27-million-position-in-united-states-steel-co-x-updated-updated-updated.html.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. This translates into $46.90M profit for AKS giving the stock a 10.50 P/E. This represents a $0.20 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, May 8th. United States Steel Corporation's dividend payout ratio is now -12.20%. Its book value per share for the most recent quarter is $-0.73 while its price to book ratio for the same period is 0, as for as the company's cash per share for the most recent quarter is $0.58, however its price to cash per share ratio for the same period is 10.86.

Market Capitalization can be thought of as the overall price to buy the company. 18,322,262 shares of the company's stock were exchanged. Following the transaction, the director now owns 98,919 shares in the company, valued at $1,974,423.24. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes. Tudor Investment Corp Et Al acquired 7,955 shares as Cbs Corp Class B (CBS)'s stock declined 6.13%. The disclosure for this purchase can be found here. It has a Return on Investment (ROI) of 14.70% and a gross margin of 15.00%. Insiders own 1.00% of the company's stock.

A number of institutional investors have recently made changes to their positions in the stock. The basic materials company reported ($0.83) EPS for the quarter, missing the consensus estimate of $0.35 by $1.18. Capital One National Association purchased a new position in shares of Timken Steel Corporation during the first quarter worth about $285,000. Hodges Capital Management Inc. acquired a new stake in AK Steel Holding Corporation during the fourth quarter valued at approximately $1,736,000. Its last month's stock price volatility remained 3.89% which for the week stands at 5.23%. Finally, Teachers Advisors LLC raised its stake in shares of United States Steel Corporation by 8.6% in the first quarter. Institutional investors and hedge funds own 70.75% of the company's stock.

05/04/2017 - United States Steel Corporation had its "equal-weight" rating reiterated by analysts at Barclays.

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation.

  • Zachary Reyes