Bridgewater Advisors Inc. Acquires New Holdings in POSCO (NYSE:PKX)

Bridgewater Advisors Inc. acquired a new position in shares of POSCO (NYSE:PKX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,643 shares of the basic materials company's stock, valued at approximately $214,000.

Other hedge funds have also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new position in shares of POSCO in the 4th quarter valued at about $29,000. GAMMA Investing LLC lifted its holdings in POSCO by 329.1% in the first quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company's stock valued at $76,000 after buying an additional 1,231 shares during the period. Johnson Investment Counsel Inc. bought a new position in POSCO in the first quarter valued at approximately $201,000. QRG Capital Management Inc. bought a new position in POSCO in the first quarter valued at approximately $212,000. Finally, Graham Capital Management L.P. grew its holdings in POSCO by 35.7% during the 4th quarter. Graham Capital Management L.P. now owns 4,950 shares of the basic materials company's stock worth $215,000 after acquiring an additional 1,302 shares during the period.

POSCO Trading Down 0.3%

POSCO stock traded down $0.15 during midday trading on Friday, hitting $55.61. 111,583 shares of the stock were exchanged, compared to its average volume of 267,107. The stock has a market capitalization of $16.88 billion, a PE ratio of 34.76, a P/E/G ratio of 0.40 and a beta of 1.35. The company has a fifty day simple moving average of $48.93 and a two-hundred day simple moving average of $47.10. The company has a quick ratio of 1.32, a current ratio of 1.89 and a debt-to-equity ratio of 0.24. POSCO has a 52 week low of $39.40 and a 52 week high of $74.01.

POSCO (NYSE:PKX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). POSCO had a return on equity of 1.45% and a net margin of 1.20%. The firm had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.12 billion. Equities research analysts anticipate that POSCO will post 3.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PKX has been the topic of a number of analyst reports. Morgan Stanley raised POSCO from an "equal weight" rating to an "overweight" rating in a research note on Friday, July 4th. Wall Street Zen downgraded POSCO from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.

POSCO Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.