Vanguard Personalized Indexing Management LLC Boosts Holdings in POSCO $PKX

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in POSCO by 25.2% during the 2nd quarter, acquiring a total of 34,395 shares worth approximately $1.67 million.
• Several analysts have recently upgraded their ratings for POSCO, with a mix of upgrades from "sell" to "hold" and "overweight," while maintaining an average rating of "Hold."
• POSCO reported a quarterly loss with earnings per share of $0.35, missing the consensus estimate of $0.52, alongside quarterly revenues of $12.66 billion compared to expectations of $13.21 billion.

Vanguard Personalized Indexing Management LLC boosted its position in POSCO (NYSE:PKX - Free Report) by 25.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,395 shares of the basic materials company's stock after purchasing an additional 6,920 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in POSCO were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of PKX. Lindbrook Capital LLC raised its position in shares of POSCO by 10.2% during the 1st quarter. Lindbrook Capital LLC now owns 3,412 shares of the basic materials company's stock valued at $162,000 after buying an additional 316 shares in the last quarter. US Bancorp DE raised its position in shares of POSCO by 3.6% during the 2nd quarter. US Bancorp DE now owns 12,230 shares of the basic materials company's stock valued at $593,000 after buying an additional 429 shares in the last quarter. AQR Capital Management LLC raised its position in shares of POSCO by 8.3% during the 1st quarter. AQR Capital Management LLC now owns 6,462 shares of the basic materials company's stock valued at $307,000 after buying an additional 495 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of POSCO by 6.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,748 shares of the basic materials company's stock valued at $511,000 after buying an additional 681 shares in the last quarter. Finally, DMC Group LLC raised its position in shares of POSCO by 11.2% during the 1st quarter. DMC Group LLC now owns 8,884 shares of the basic materials company's stock valued at $422,000 after buying an additional 895 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PKX shares. Wall Street Zen upgraded shares of POSCO from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley raised shares of POSCO from an "equal weight" rating to an "overweight" rating in a report on Friday, July 4th. UBS Group raised shares of POSCO from a "strong sell" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of POSCO in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

POSCO Price Performance

Shares of POSCO stock opened at $50.95 on Friday. The firm has a market cap of $15.46 billion, a PE ratio of 62.90, a price-to-earnings-growth ratio of 0.34 and a beta of 1.46. POSCO has a 12-month low of $39.40 and a 12-month high of $63.25. The company has a quick ratio of 1.41, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The company's fifty day simple moving average is $51.33 and its two-hundred day simple moving average is $49.77.

POSCO (NYSE:PKX - Get Free Report) last announced its quarterly 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). The firm had revenue of $12.66 billion during the quarter, compared to the consensus estimate of $13.21 billion. POSCO had a return on equity of 0.82% and a net margin of 0.69%. As a group, equities analysts expect that POSCO will post 3.74 EPS for the current year.

About POSCO

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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