POSCO (PKX) Stake Decreased by Strs Ohio

Strs Ohio cut its holdings in shares of POSCO (NYSE:PKX) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,661 shares of the basic materials company’s stock after selling 3,339 shares during the quarter. Strs Ohio’s holdings in POSCO were worth $3,489,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PKX. Barry Investment Advisors LLC acquired a new position in shares of POSCO during the 3rd quarter worth approximately $216,000. Wealthsource Partners LLC acquired a new position in shares of POSCO during the 3rd quarter worth approximately $224,000. Eagle Asset Management Inc. acquired a new position in shares of POSCO during the 3rd quarter worth approximately $265,000. Eqis Capital Management Inc. acquired a new position in shares of POSCO during the 3rd quarter worth approximately $347,000. Finally, OxFORD Asset Management LLP acquired a new position in shares of POSCO during the 2nd quarter worth approximately $348,000. 5.37% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the company. ValuEngine raised POSCO from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Goldman Sachs Group upgraded POSCO from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Deutsche Bank upgraded POSCO from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Finally, Zacks Investment Research upgraded POSCO from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Monday, January 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $98.00.

Shares of POSCO (PKX) opened at $86.56 on Friday. The stock has a market capitalization of $27,387.77, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.78 and a beta of 1.26. POSCO has a one year low of $56.48 and a one year high of $93.12. The company has a quick ratio of 1.14, a current ratio of 1.68 and a debt-to-equity ratio of 0.24.

POSCO (NYSE:PKX) last released its quarterly earnings results on Tuesday, November 28th. The basic materials company reported $2.42 earnings per share (EPS) for the quarter. The business had revenue of $13.53 billion during the quarter. POSCO had a return on equity of 7.95% and a net margin of 6.03%. equities analysts predict that POSCO will post 8.15 earnings per share for the current fiscal year.

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POSCO Profile

POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas.

Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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