POSCO (NYSE:PKX) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of POSCO (NYSE:PKX - Free Report) by 59.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,417 shares of the basic materials company's stock after purchasing an additional 8,776 shares during the period. Cerity Partners LLC's holdings in POSCO were worth $1,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PKX. Northern Trust Corp lifted its position in POSCO by 157.0% during the fourth quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company's stock valued at $18,613,000 after acquiring an additional 262,257 shares during the last quarter. American Century Companies Inc. lifted its position in POSCO by 8.2% during the fourth quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company's stock valued at $16,017,000 after acquiring an additional 28,124 shares during the last quarter. BNP Paribas Financial Markets lifted its position in POSCO by 0.5% during the fourth quarter. BNP Paribas Financial Markets now owns 254,219 shares of the basic materials company's stock valued at $11,023,000 after acquiring an additional 1,165 shares during the last quarter. Ovata Capital Management Ltd purchased a new stake in POSCO during the fourth quarter valued at approximately $4,791,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of POSCO in the fourth quarter worth $3,801,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on PKX shares. Morgan Stanley raised shares of POSCO from an "equal weight" rating to an "overweight" rating in a report on Friday, July 4th. Wall Street Zen cut shares of POSCO from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.

POSCO Price Performance

Shares of NYSE PKX traded down $0.09 during trading on Friday, hitting $59.98. The company had a trading volume of 149,046 shares, compared to its average volume of 174,129. The stock has a fifty day simple moving average of $50.57 and a two-hundred day simple moving average of $47.75. POSCO has a fifty-two week low of $39.40 and a fifty-two week high of $74.01. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 0.43 and a beta of 1.35. 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 (NYSE:PKX - Get Free Report) last posted 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). The business had revenue of $12 billion for the quarter, compared to analyst estimates of $12.12 billion. POSCO had a return on equity of 1.45% and a net margin of 1.20%. On average, research analysts expect that POSCO will post 3.74 earnings per share for the current 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.