ETRADE Capital Management LLC acquired a new stake in POSCO (NYSE:PKX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,376 shares of the basic materials company’s stock, valued at approximately $264,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Capital Growth Management LP bought a new position in shares of POSCO during the 3rd quarter worth approximately $29,148,000. BNP Paribas Arbitrage SA raised its stake in shares of POSCO by 44.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,867 shares of the basic materials company’s stock worth $407,000 after acquiring an additional 1,796 shares in the last quarter. Horseman Capital Management Ltd raised its stake in shares of POSCO by 37.1% during the 4th quarter. Horseman Capital Management Ltd now owns 226,777 shares of the basic materials company’s stock worth $17,718,000 after acquiring an additional 61,377 shares in the last quarter. National Planning Corp raised its stake in shares of POSCO by 7.4% during the 3rd quarter. National Planning Corp now owns 22,853 shares of the basic materials company’s stock worth $1,617,000 after acquiring an additional 1,567 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its stake in POSCO by 4.3% during the 3rd quarter. ClariVest Asset Management LLC now owns 103,535 shares of the basic materials company’s stock valued at $7,186,000 after purchasing an additional 4,300 shares in the last quarter. 5.27% of the stock is owned by institutional investors.
A number of research analysts have issued reports on PKX shares. Goldman Sachs upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. ValuEngine upgraded shares of POSCO from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of POSCO from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Monday, January 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. POSCO currently has an average rating of “Buy” and an average price target of $98.00.
PKX stock opened at $74.61 on Friday. The firm has a market capitalization of $24,440.68, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 0.21. POSCO has a 12 month low of $56.48 and a 12 month high of $93.12.
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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.
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