CW Advisors LLC Buys New Holdings in POSCO $PKX

Key Points

• CW Advisors LLC recently invested $351,000 in POSCO, acquiring 7,381 shares of the basic materials company.
• POSCO's stock price opened at $52.74 and has seen a 52-week range between $39.40 and $74.01, with a market cap of $16.01 billion.
• The company reported earnings of $0.35 per share, missing the consensus estimate of $0.52, contributing to a net margin of 0.69%.

CW Advisors LLC acquired a new stake in POSCO (NYSE:PKX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,381 shares of the basic materials company's stock, valued at approximately $351,000.

Other institutional investors have also recently made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in POSCO during the fourth quarter worth $29,000. GAMMA Investing LLC boosted its stake in POSCO by 329.1% during the first quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company's stock worth $76,000 after buying an additional 1,231 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of POSCO by 938.0% in the 1st quarter. Brooklyn Investment Group now owns 2,647 shares of the basic materials company's stock valued at $126,000 after purchasing an additional 2,392 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of POSCO by 10.2% in the 1st quarter. Lindbrook Capital LLC now owns 3,412 shares of the basic materials company's stock valued at $162,000 after purchasing an additional 316 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of POSCO in the 1st quarter valued at $201,000.

POSCO Stock Down 2.5%

Shares of PKX traded down $1.31 during mid-day trading on Tuesday, reaching $50.29. The company's stock had a trading volume of 102,588 shares, compared to its average volume of 250,828. POSCO has a 12-month low of $39.40 and a 12-month high of $74.01. The stock has a market cap of $15.26 billion, a PE ratio of 62.08, a price-to-earnings-growth ratio of 0.36 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.89 and a quick ratio of 1.32. The company's 50 day moving average is $54.86 and its 200 day moving average is $49.70.

POSCO (NYSE:PKX - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.35 earnings per share (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 firm had revenue of $12.66 billion during the quarter, compared to analyst estimates of $13.21 billion. Equities analysts anticipate that POSCO will post 3.74 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.