Signaturefd LLC boosted its stake in shares of POSCO (NYSE:PKX) by 27.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,116 shares of the basic materials company’s stock after purchasing an additional 1,547 shares during the period. Signaturefd LLC’s holdings in POSCO were worth $360,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its position in POSCO by 491.7% during the 3rd quarter. Parallel Advisors LLC now owns 645 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 536 shares during the period. Lindbrook Capital LLC grew its position in POSCO by 197.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,086 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 721 shares during the period. Cornerstone Advisors Inc. grew its position in POSCO by 324.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,473 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 1,126 shares during the period. Quantum Capital Management acquired a new stake in POSCO during the 3rd quarter worth about $150,000. Finally, Squarepoint Ops LLC acquired a new stake in POSCO during the 3rd quarter worth about $201,000. 4.49% of the stock is currently owned by institutional investors.
Shares of NYSE:PKX traded down $0.43 during trading on Friday, reaching $45.78. 3,899 shares of the company’s stock traded hands, compared to its average volume of 227,023. POSCO has a fifty-two week low of $41.14 and a fifty-two week high of $61.62. The company has a quick ratio of 1.37, a current ratio of 2.07 and a debt-to-equity ratio of 0.24. The firm has a market cap of $16.12 billion, a PE ratio of 19.62 and a beta of 1.15. The company has a 50-day simple moving average of $49.30 and a 200-day simple moving average of $47.45.
POSCO (NYSE:PKX) last posted its earnings results on Friday, December 6th. The basic materials company reported $1.12 EPS for the quarter. POSCO had a return on equity of 1.82% and a net margin of 1.33%. The firm had revenue of $13.40 billion for the quarter.
PKX has been the topic of several analyst reports. Nomura raised POSCO from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 22nd. Goldman Sachs Group raised POSCO from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. POSCO currently has a consensus rating of “Buy” and an average price target of $59.00.
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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