Nykredit A S Takes Position in POSCO $PKX

Key Points

• Nykredit A S purchased 258,256 POSCO shares during the second quarter, valued at approximately $13.3 million and representing about 0.09% of the company. Several other institutional investors also initiated or increased their positions.
• POSCO reported quarterly earnings of $1.30 per share, beating the $0.85 consensus estimate, while revenue of $12.43 billion exceeded expectations of $11.96 billion.
• Analyst sentiment is mixed but leans positive, with upgrades from Wall Street Zen and Zacks Research offset by a Weiss Ratings downgrade; MarketBeat lists the stock’s overall rating as “Moderate Buy.”

Nykredit A S purchased a new stake in shares of POSCO (NYSE:PKX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 258,256 shares of the basic materials company's stock, valued at approximately $13,269,000. Nykredit A S owned approximately 0.09% of POSCO as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership acquired a new position in POSCO during the 3rd quarter worth approximately $8,851,000. Empowered Funds LLC purchased a new stake in shares of POSCO during the fourth quarter valued at approximately $9,223,000. Goldman Sachs Group Inc. raised its stake in shares of POSCO by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 423,253 shares of the basic materials company's stock valued at $20,117,000 after purchasing an additional 154,100 shares during the period. UBS Group AG lifted its position in shares of POSCO by 135.6% during the fourth quarter. UBS Group AG now owns 199,914 shares of the basic materials company's stock worth $10,637,000 after purchasing an additional 115,069 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of POSCO by 82.7% in the first quarter. Quantinno Capital Management LP now owns 200,529 shares of the basic materials company's stock valued at $11,729,000 after purchasing an additional 90,777 shares during the period.

POSCO Stock Performance

Shares of PKX opened at $62.67 on Friday. The firm has a fifty day moving average of $55.07 and a 200-day moving average of $62.25. The company has a market cap of $18.96 billion, a price-to-earnings ratio of 23.74 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.30 and a current ratio of 1.98. POSCO has a 1 year low of $44.99 and a 1 year high of $92.40.

POSCO (NYSE:PKX - Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.45. POSCO had a return on equity of 1.99% and a net margin of 1.79%.The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.96 billion. As a group, equities analysts anticipate that POSCO will post 4.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen raised POSCO from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings cut POSCO from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th. Finally, Zacks Research upgraded shares of POSCO from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

POSCO Profile

POSCO NYSE: PKX is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea's industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world's largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.

The company's primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.

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