5 Small Cap Stocks That Are Too Cheap To Ignore

2. United States Steel Corporation (NYSE:X)

Number of Hedge Fund Holders: 30

United States Steel Corporation (NYSE:X) sells flat rolled and tubular steel products in both Europe and North America. The firm serves the needs of a wide variety of industries such as automotive, construction, transportation, and container manufacturers. It is headquartered in America’s Steel City.

United States Steel Corporation (NYSE:X) has a fortress of a balance sheet, as close to 80% of its total debt is due in and after 2029 – lending the firm a stable profile during today’s turbulent macroeconomic environment. Including this, the firm has ample liquidity of $5.8 billion, out of which $3.4 billion is represented by cash and equivalents. United States Steel Corporation (NYSE:X) also regularly buys back its own shares, and since the fourth quarter of last year, it has bought back $850 million worth of shares.

United States Steel Corporation (NYSE:X) pays a 5 cent dividend for a 0.98% yield. As this year’s June quarter ended, 30 out of the 895 hedge funds polled by Insider Monkey had bought its shares.

United States Steel Corporation (NYSE:X)’s largest investor is Eric W. Mandelblatt’s Soroban Capital Partners which owns 11 million shares that are worth $209 million.

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