West Family Investments Inc. purchased a new stake in shares of POSCO (NYSE:PKX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,204 shares of the basic materials company's stock, valued at approximately $247,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC boosted its stake in POSCO by 2.5% during the first quarter. Gilman Hill Asset Management LLC now owns 21,564 shares of the basic materials company's stock valued at $1,025,000 after buying an additional 535 shares during the last quarter. Parvin Asset Management LLC bought a new position in POSCO during the fourth quarter valued at approximately $29,000. Sequoia Financial Advisors LLC raised its position in POSCO by 7.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,210 shares of the basic materials company's stock valued at $486,000 after purchasing an additional 820 shares during the period. DMC Group LLC lifted its stake in shares of POSCO by 11.2% in the 1st quarter. DMC Group LLC now owns 8,884 shares of the basic materials company's stock valued at $422,000 after purchasing an additional 895 shares during the last quarter. Finally, PDS Planning Inc boosted its holdings in shares of POSCO by 22.4% in the 4th quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company's stock worth $216,000 after purchasing an additional 911 shares during the period.
Analyst Ratings Changes
Several equities analysts have recently weighed in on PKX shares. Morgan Stanley raised POSCO from an "equal weight" rating to an "overweight" rating in a research report on Friday, July 4th. Wall Street Zen downgraded POSCO from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th.
Check Out Our Latest Analysis on PKX
POSCO Trading Up 0.0%
Shares of NYSE PKX traded up $0.03 during trading hours on Friday, hitting $55.79. 37,776 shares of the company traded hands, compared to its average volume of 266,073. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 0.39 and a beta of 1.35. The company has a current ratio of 1.89, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24. The company's 50 day moving average price is $48.93 and its 200 day moving average price is $47.10. POSCO has a 12 month low of $39.40 and a 12 month high of $74.01.
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 for the quarter, missing the consensus estimate of $0.69 by ($0.05). The company had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.12 billion. POSCO had a net margin of 1.20% and a return on equity of 1.45%. On average, equities research analysts anticipate that POSCO will post 3.74 earnings per share for the current fiscal year.
About POSCO
(
Free Report)
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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