Below we present the list of 5 Small-Cap Value Stocks Hedge Funds Love. For our methodology and a more comprehensive list please see 10 Small-Cap Value Stocks Hedge Funds Love.
5. United States Steel Corporation (NYSE:X)
Number of Hedge Fund Shareholders: 37
United States Steel Corporation (NYSE:X) is near its all-time high in hedge fund ownership after smart money ownership of the company shot up by 42% over the past two quarters. John Overdeck and David Siegel’s Two Sigma Advisors and Joel Greenblatt’s Gotham Asset Management are some of funds that have taken new stakes in United States Steel over the previous two quarters.
Sky-high steel prices are likewise sending United States Steel Corporation (NYSE:X)’s financial results to new heights, with the company delivering a record second quarter. United States Steel pulled in $6.29 billion in revenue and earnings per share of $3.86. Over the past year, the company has generated $6.7 billion in adjusted EBITDA and over $4 billion of free cash flow.
United States Steel Corporation (NYSE:X)’s latest cash infusion allowed the company to launch another $500 million share buyback program after recently completing its prior $800 million authorization. X now trades at just 1.37x earnings and 1.47x cash flow.