POSCO $PKX Shares Bought by Yousif Capital Management LLC

Key Points

• Yousif Capital Management LLC increased its shares in POSCO by 442% during Q2, owning a total of 27,683 shares valued at $1.34 million.
• POSCO reported Q2 earnings of $0.35 per share, missing estimates by $0.17, with a total revenue of $12.66 billion, below the expected $13.21 billion.
• Brokerages have mixed opinions on POSCO, with UBS upgrading its rating to "hold" and Morgan Stanley to "overweight," while Weiss Ratings maintained a "sell" rating.

Yousif Capital Management LLC boosted its holdings in shares of POSCO (NYSE:PKX - Free Report) by 442.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,683 shares of the basic materials company's stock after buying an additional 22,575 shares during the quarter. Yousif Capital Management LLC's holdings in POSCO were worth $1,342,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC lifted its holdings in POSCO by 25.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,395 shares of the basic materials company's stock worth $1,668,000 after buying an additional 6,920 shares in the last quarter. Blue Trust Inc. lifted its holdings in POSCO by 161.3% during the 2nd quarter. Blue Trust Inc. now owns 12,592 shares of the basic materials company's stock worth $611,000 after buying an additional 7,773 shares in the last quarter. US Bancorp DE lifted its holdings in POSCO by 3.6% during the 2nd quarter. US Bancorp DE now owns 12,230 shares of the basic materials company's stock worth $593,000 after buying an additional 429 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of POSCO in the 2nd quarter valued at $66,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of POSCO by 57.3% in the 1st 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 in the last quarter.

POSCO Price Performance

Shares of NYSE:PKX opened at $52.65 on Tuesday. The company's fifty day moving average price is $51.26 and its 200 day moving average price is $49.91. POSCO has a 12 month low of $39.40 and a 12 month high of $62.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.41. The firm has a market capitalization of $15.98 billion, a P/E ratio of 65.00, a P/E/G ratio of 0.36 and a beta of 1.46.

POSCO (NYSE:PKX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.17). POSCO had a return on equity of 0.82% and a net margin of 0.69%.The company had revenue of $12.66 billion for the quarter, compared to analyst estimates of $13.21 billion. As a group, sell-side analysts predict that POSCO will post 3.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PKX. UBS Group upgraded shares of POSCO from a "strong sell" rating to a "hold" rating in a report on Thursday, August 21st. Morgan Stanley upgraded shares of POSCO from an "equal weight" rating to an "overweight" rating in a report on Friday, July 4th. Weiss Ratings restated a "sell (d+)" rating on shares of POSCO in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of 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, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, POSCO presently has an average rating of "Hold".

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.

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