Ritholtz Wealth Management Sells 6,055 Shares of POSCO (NYSE:PKX)

Ritholtz Wealth Management decreased its holdings in shares of POSCO (NYSE:PKX - Free Report) by 43.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Northern Trust Corp raised 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 during the period. Connor Clark & Lunn Investment Management Ltd. raised 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 during the period. American Century Companies Inc. raised its holdings in POSCO by 8.2% during the 4th quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company's stock valued at $16,017,000 after acquiring an additional 28,124 shares during the period. BNP Paribas Financial Markets raised its holdings in POSCO by 0.5% during the 4th quarter. BNP Paribas Financial Markets now owns 254,219 shares of the basic materials company's stock valued at $11,023,000 after acquiring an additional 1,165 shares during the period. Finally, Altrius Capital Management Inc raised its holdings in POSCO by 25.2% during the 4th quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company's stock valued at $6,648,000 after acquiring an additional 30,863 shares during the period.

Wall Street Analysts Forecast Growth

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

POSCO Trading Up 1.3%

POSCO stock opened at $47.20 on Friday. The stock has a market cap of $14.33 billion, a P/E ratio of 29.50, a PEG ratio of 0.33 and a beta of 1.35. POSCO has a fifty-two week low of $39.40 and a fifty-two week high of $74.01. The firm's fifty day moving average price is $45.77 and its 200-day moving average price is $46.05. 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 quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). The firm had revenue of $12 billion during the quarter, compared to the consensus estimate of $12.12 billion. POSCO had a return on equity of 1.45% and a net margin of 1.20%. Equities research analysts forecast that POSCO will post 3.74 earnings per share for the current fiscal year.

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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