POSCO (NYSE:PKX) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its stake in POSCO (NYSE:PKX - Free Report) by 43.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,952 shares of the basic materials company's stock after selling 6,055 shares during the quarter. Ritholtz Wealth Management's holdings in POSCO were worth $378,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Deutsche Bank AG purchased a new position in POSCO during the 4th quarter valued at about $770,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in POSCO by 19.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company's stock valued at $16,672,000 after acquiring an additional 63,336 shares in the last quarter. Ovata Capital Management Ltd purchased a new position in POSCO during the 4th quarter valued at about $4,791,000. Northern Trust Corp increased its holdings in POSCO by 157.0% during the 4th 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 in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in POSCO by 34.9% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,319 shares of the basic materials company's stock valued at $1,792,000 after acquiring an additional 10,696 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of POSCO from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.

POSCO Trading Down 1.5%

POSCO stock traded down $0.72 during trading on Monday, reaching $46.69. The company had a trading volume of 215,761 shares, compared to its average volume of 261,169. POSCO has a 12-month low of $39.40 and a 12-month high of $74.01. The stock's 50 day moving average price is $45.81 and its two-hundred day moving average price is $46.02. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 0.34 and a beta of 1.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.89.

POSCO (NYSE:PKX - Get Free Report) last released its earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). POSCO had a net margin of 1.20% and a return on equity of 1.45%. The company had revenue of $12 billion during the quarter, compared to analysts' expectations of $12.12 billion. As a group, equities analysts expect that POSCO will post 3.74 earnings per share for the current fiscal year.

POSCO 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.