Bridgewater Advisors Inc. Buys Shares of 4,643 POSCO (NYSE:PKX)

Bridgewater Advisors Inc. bought a new stake in POSCO (NYSE:PKX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,643 shares of the basic materials company's stock, valued at approximately $214,000.

Other large investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new stake in shares of POSCO in the fourth quarter worth $29,000. GAMMA Investing LLC grew its holdings in POSCO by 329.1% during the first quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company's stock valued at $76,000 after purchasing an additional 1,231 shares during the period. Johnson Investment Counsel Inc. bought a new stake in POSCO during the first quarter valued at about $201,000. QRG Capital Management Inc. bought a new stake in POSCO during the first quarter valued at about $212,000. Finally, Graham Capital Management L.P. grew its holdings in POSCO by 35.7% during the fourth quarter. Graham Capital Management L.P. now owns 4,950 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 1,302 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. 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 research report on Saturday, June 14th.

POSCO Trading Up 6.2%

PKX stock traded up $3.44 during midday trading on Monday, reaching $59.05. 218,205 shares of the company traded hands, compared to its average volume of 267,585. POSCO has a 52-week low of $39.40 and a 52-week high of $74.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.89. The business has a 50 day moving average of $49.12 and a 200-day moving average of $47.24. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 0.39 and a beta of 1.35.

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

POSCO Company 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.