Signaturefd LLC Raises Stock Position in POSCO (NYSE:PKX)

Signaturefd LLC increased its stake in POSCO (NYSE:PKX) by 44.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,569 shares of the basic materials company’s stock after purchasing an additional 1,707 shares during the quarter. Signaturefd LLC’s holdings in POSCO were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Daily Journal Corp raised its position in POSCO by 9,900.0% in the second quarter. Daily Journal Corp now owns 974,500 shares of the basic materials company’s stock worth $517,000 after acquiring an additional 964,755 shares during the period. BlackRock Inc. raised its position in POSCO by 16.5% in the second quarter. BlackRock Inc. now owns 906,318 shares of the basic materials company’s stock worth $48,090,000 after acquiring an additional 128,522 shares during the period. Morgan Stanley raised its position in POSCO by 12.0% in the second quarter. Morgan Stanley now owns 853,684 shares of the basic materials company’s stock worth $45,296,000 after acquiring an additional 91,599 shares during the period. Bank of America Corp DE raised its position in POSCO by 20.9% in the second quarter. Bank of America Corp DE now owns 666,231 shares of the basic materials company’s stock worth $35,350,000 after acquiring an additional 114,944 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in POSCO by 9.4% in the second quarter. Parametric Portfolio Associates LLC now owns 480,265 shares of the basic materials company’s stock worth $25,483,000 after acquiring an additional 41,161 shares during the period. Institutional investors and hedge funds own 4.55% of the company’s stock.

Several research analysts have weighed in on the stock. TheStreet downgraded shares of POSCO from a “b-” rating to a “c+” rating in a research report on Tuesday, August 13th. Macquarie upgraded shares of POSCO from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 23rd. Finally, ValuEngine upgraded shares of POSCO from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold”.

PKX traded up $0.40 during trading on Friday, hitting $47.61. The company’s stock had a trading volume of 302,750 shares, compared to its average volume of 146,464. The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. POSCO has a one year low of $41.14 and a one year high of $62.95. The firm has a market cap of $16.46 billion, a PE ratio of 11.57 and a beta of 1.12. The business’s 50 day simple moving average is $46.87 and its 200-day simple moving average is $49.86.

POSCO (NYSE:PKX) last released its quarterly earnings results on Friday, September 6th. The basic materials company reported $1.63 earnings per share for the quarter. The business had revenue of $14 billion for the quarter. POSCO had a net margin of 2.26% and a return on equity of 3.06%.

POSCO Profile

POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, wire rods, galvanized and electrical galvanized steel, steel plates, electrical and stainless steel, and titanium.

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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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