258,256 Shares in POSCO $PKX Bought by Nykredit A S

Nykredit A S purchased a new stake in shares of POSCO (NYSE:PKX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 258,256 shares of the basic materials company’s stock, valued at approximately $13,269,000.

Several other large investors have also made changes to their positions in PKX. Arrowstreet Capital Limited Partnership acquired a new stake in POSCO in the third quarter valued at approximately $8,851,000. Empowered Funds LLC acquired a new position in shares of POSCO during the 4th quarter worth $9,223,000. Goldman Sachs Group Inc. raised its holdings in shares of POSCO by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 423,253 shares of the basic materials company’s stock valued at $20,117,000 after purchasing an additional 154,100 shares in the last quarter. UBS Group AG lifted its stake in shares of POSCO by 135.6% in the 4th quarter. UBS Group AG now owns 199,914 shares of the basic materials company’s stock valued at $10,637,000 after purchasing an additional 115,069 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of POSCO by 82.7% in the 1st quarter. Quantinno Capital Management LP now owns 200,529 shares of the basic materials company’s stock valued at $11,729,000 after purchasing an additional 90,777 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on PKX. Zacks Research upgraded POSCO from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Weiss Ratings downgraded POSCO from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen raised POSCO from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, POSCO currently has a consensus rating of “Moderate Buy”.

POSCO Trading Down 0.7%

Shares of PKX opened at $62.67 on Friday. The stock’s 50-day moving average price is $55.07 and its 200 day moving average price is $62.25. The company has a quick ratio of 1.30, a current ratio of 1.98 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 23.74 and a beta of 1.60. POSCO has a 12-month low of $44.99 and a 12-month high of $92.40.

POSCO (NYSE:PKX) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.45. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.96 billion. POSCO had a return on equity of 1.99% and a net margin of 1.79%. As a group, research analysts predict that POSCO will post 4.91 earnings per share for the current year.

About POSCO

POSCO (NYSE: PKX) is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea’s industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world’s largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.

The company’s primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.