Arlington Capital Management Has Trimmed Stake in United States Stl New (X) by $11.92 Million as Stock Value Declined; Southernsun Asset Management Has Boosted Dycom Industries (DY) Position by $37.85 Million

April 22, 2018 - By Vivian Park

United States Steel Corporation (NYSE:X) Logo

Arlington Capital Management Inc decreased its stake in United States Stl Corp New (X) by 51.13% based on its latest 2017Q4 regulatory filing with the SEC. Arlington Capital Management Inc sold 340,477 shares as the company’s stock declined 4.10% with the market. The institutional investor held 325,385 shares of the steel and iron ore company at the end of 2017Q4, valued at $11.45 million, down from 665,862 at the end of the previous reported quarter. Arlington Capital Management Inc who had been investing in United States Stl Corp New for a number of months, seems to be less bullish one the $6.46B market cap company. The stock decreased 1.85% or $0.69 during the last trading session, reaching $36.65. About 9.81 million shares traded. United States Steel Corporation (NYSE:X) has risen 4.31% since April 22, 2017 and is uptrending. It has underperformed by 7.24% the S&P500.

Southernsun Asset Management Llc increased its stake in Dycom Industries Inc (DY) by 73.27% based on its latest 2017Q4 regulatory filing with the SEC. Southernsun Asset Management Llc bought 340,988 shares as the company’s stock declined 9.19% with the market. The institutional investor held 806,384 shares of the basic industries company at the end of 2017Q4, valued at $89.86M, up from 465,396 at the end of the previous reported quarter. Southernsun Asset Management Llc who had been investing in Dycom Industries Inc for a number of months, seems to be bullish on the $3.26 billion market cap company. The stock decreased 2.07% or $2.21 during the last trading session, reaching $104.59. About 216,824 shares traded. Dycom Industries, Inc. (NYSE:DY) has risen 13.44% since April 22, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Among 25 analysts covering United States Steel Corporation (NYSE:X), 10 have Buy rating, 3 Sell and 12 Hold. Therefore 40% are positive. United States Steel Corporation had 110 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of United States Steel Corporation (NYSE:X) has “Hold” rating given on Monday, July 3 by BMO Capital Markets. Citigroup upgraded United States Steel Corporation (NYSE:X) on Monday, January 22 to “Hold” rating. Deutsche Bank maintained it with “Buy” rating and $25 target in Monday, October 5 report. The stock has “Overweight” rating by Morgan Stanley on Tuesday, February 6. BB&T Capital initiated the stock with “Hold” rating in Thursday, September 10 report. As per Wednesday, November 4, the company rating was downgraded by Deutsche Bank. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, February 4. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, August 3. The stock has “Hold” rating by Cowen & Co on Thursday, August 31. The stock of United States Steel Corporation (NYSE:X) earned “Hold” rating by BMO Capital Markets on Thursday, February 1.

Arlington Capital Management Inc, which manages about $102.62M and $134.20M US Long portfolio, upped its stake in Vaneck Vectors Etf Tr by 40,390 shares to 654,606 shares, valued at $22.34M in 2017Q4, according to the filing.

Analysts await United States Steel Corporation (NYSE:X) to report earnings on April, 26 after the close. They expect $0.29 EPS, up 134.94% or $1.12 from last year’s $-0.83 per share. X’s profit will be $51.09 million for 31.59 P/E if the $0.29 EPS becomes a reality. After $0.76 actual EPS reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts -61.84% negative EPS growth.

Since March 7, 2018, it had 0 insider purchases, and 1 sale for $284,044 activity.

Southernsun Asset Management Llc, which manages about $5.32B and $3.93B US Long portfolio, decreased its stake in Hanesbrands Inc. (NYSE:HBI) by 243,942 shares to 5.60M shares, valued at $117.11 million in 2017Q4, according to the filing. It also reduced its holding in Crane Co (NYSE:CR) by 4,019 shares in the quarter, leaving it with 265,835 shares, and cut its stake in Pentair Plc (NYSE:PNR).

Dycom Industries, Inc. (NYSE:DY) Institutional Positions Chart

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