9,954 Shares in POSCO $PKX Acquired by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. acquired 9,954 shares of POSCO valued at approximately $473,000 in the 1st quarter, indicating a growing interest from institutional investors.
• POSCO's stock price dropped 0.4% to $53.4810, following a quarterly earnings report showing an EPS of $0.35, which missed analysts' estimates of $0.52.
• Recent ratings show a mix of upgrades, with Morgan Stanley raising the stock to "overweight," and a consensus rating of "Buy" among analysts, suggesting positive sentiment towards POSCO's future.

Vestmark Advisory Solutions Inc. acquired a new stake in POSCO (NYSE:PKX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 9,954 shares of the basic materials company's stock, valued at approximately $473,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new position in shares of POSCO during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in shares of POSCO by 329.1% during the first quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 1,231 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of POSCO by 10.2% during the first quarter. Lindbrook Capital LLC now owns 3,412 shares of the basic materials company's stock valued at $162,000 after acquiring an additional 316 shares in the last quarter. Johnson Investment Counsel Inc. bought a new position in shares of POSCO during the first quarter valued at approximately $201,000. Finally, QRG Capital Management Inc. bought a new position in shares of POSCO during the first quarter valued at approximately $212,000.

POSCO Stock Up 2.3%

Shares of NYSE:PKX traded up $1.2550 on Friday, hitting $55.6250. 155,097 shares of the company traded hands, compared to its average volume of 103,600. POSCO has a 52 week low of $39.40 and a 52 week high of $74.01. The company has a quick ratio of 1.32, a current ratio of 1.89 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $54.13 and a 200-day simple moving average of $49.10. The company has a market cap of $16.88 billion, a PE ratio of 68.67, a PEG ratio of 0.37 and a beta of 1.36.

POSCO (NYSE:PKX - Get Free Report) last released its quarterly earnings data 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 0.81% and a net margin of 0.69%.The business had revenue of $12.66 billion during the quarter, compared to the consensus estimate of $13.21 billion. As a group, research analysts expect that POSCO will post 3.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PKX shares. Morgan Stanley upgraded POSCO from an "equal weight" rating to an "overweight" rating in a report on Friday, July 4th. UBS Group upgraded POSCO from a "strong sell" rating to a "hold" rating in a report on Thursday. Finally, Wall Street Zen upgraded POSCO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

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.