West Family Investments Inc. Takes $247,000 Position in POSCO (NYSE:PKX)

West Family Investments Inc. acquired a new position in shares of POSCO (NYSE:PKX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,204 shares of the basic materials company's stock, valued at approximately $247,000.

Several other large investors have also recently modified their holdings of the company. Ballentine Partners LLC raised its holdings in shares of POSCO by 36.2% in the first quarter. Ballentine Partners LLC now owns 10,970 shares of the basic materials company's stock worth $521,000 after buying an additional 2,916 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of POSCO by 59.9% during the first quarter. Cerity Partners LLC now owns 23,417 shares of the basic materials company's stock valued at $1,113,000 after buying an additional 8,776 shares during the last quarter. DMC Group LLC grew its holdings in shares of POSCO by 11.2% during the first 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 during the last quarter. PDS Planning Inc grew its holdings in shares of POSCO by 21.6% during the first quarter. PDS Planning Inc now owns 6,046 shares of the basic materials company's stock valued at $287,000 after buying an additional 1,073 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of POSCO by 30.8% during the first quarter. Sequoia Financial Advisors LLC now owns 14,663 shares of the basic materials company's stock valued at $697,000 after buying an additional 3,453 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PKX. Morgan Stanley raised shares of POSCO from an "equal weight" rating to an "overweight" rating in a report on Friday, July 4th. Wall Street Zen lowered shares of POSCO from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.

POSCO Stock Performance

Shares of POSCO stock traded down $0.15 during trading on Friday, hitting $55.61. 111,583 shares of the company's stock were exchanged, compared to its average volume of 267,107. The stock has a market capitalization of $16.88 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 0.40 and a beta of 1.35. The business has a 50-day simple moving average of $49.12 and a 200-day simple moving average of $47.18. POSCO has a 52-week low of $39.40 and a 52-week high of $74.01. 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 announced 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 company had revenue of $12 billion for the quarter, compared to analyst estimates of $12.12 billion. POSCO had a return on equity of 1.45% and a net margin of 1.20%. On average, research analysts forecast that POSCO will post 3.74 EPS for the current 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.