Compound Planning Inc. Takes $321,000 Position in POSCO $PKX

Key Points

• Compound Planning Inc. acquired a new position in POSCO, purchasing 6,744 shares valued at approximately $321,000 in the first quarter.
• POSCO reported a net loss with an EPS of $0.35, missing analysts' expectations by $0.17, indicating challenges in meeting revenue forecasts.
• Analysts upgraded POSCO's stock rating, with Morgan Stanley moving it to "overweight," reflecting a change in market sentiment toward the company.

Compound Planning Inc. acquired a new position in POSCO (NYSE:PKX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,744 shares of the basic materials company's stock, valued at approximately $321,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in shares of POSCO by 59.9% in the 1st quarter. Cerity Partners LLC now owns 23,417 shares of the basic materials company's stock valued at $1,113,000 after purchasing an additional 8,776 shares during the last quarter. GAMMA Investing LLC raised its holdings in POSCO by 329.1% in the 1st 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. Deutsche Bank AG acquired a new position in POSCO in the fourth quarter valued at about $770,000. Two Sigma Investments LP purchased a new position in POSCO during the fourth quarter worth about $1,062,000. Finally, Northern Trust Corp increased its position in shares of 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.

POSCO Stock Down 1.8%

Shares of NYSE PKX opened at $53.48 on Thursday. The business has a 50-day moving average of $54.56 and a two-hundred day moving average of $49.37. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 66.02, a price-to-earnings-growth ratio of 0.38 and a beta of 1.36. POSCO has a 1 year low of $39.40 and a 1 year high of $74.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.89 and a quick ratio of 1.32.

POSCO (NYSE:PKX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.17). POSCO had a net margin of 0.69% and a return on equity of 0.81%. The business had revenue of $12.66 billion during the quarter, compared to analysts' expectations of $13.21 billion. On average, analysts forecast that POSCO will post 3.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PKX has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of POSCO from an "equal weight" rating to an "overweight" rating in a report on Friday, July 4th. UBS Group raised POSCO from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Wall Street Zen upgraded POSCO from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

About POSCO

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.