Sequoia Financial Advisors LLC Has $2.20 Million Stock Holdings in POSCO $PKX

Sequoia Financial Advisors LLC boosted its holdings in shares of POSCO (NYSE:PKX) by 58.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,608 shares of the basic materials company’s stock after acquiring an additional 13,851 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in POSCO were worth $2,200,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of POSCO in the third quarter worth $8,851,000. Empowered Funds LLC bought a new position in POSCO during the 4th quarter worth $9,223,000. Goldman Sachs Group Inc. raised its position in POSCO by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 423,253 shares of the basic materials company’s stock worth $20,117,000 after purchasing an additional 154,100 shares during the last quarter. UBS Group AG lifted its holdings in POSCO by 135.6% during the 4th quarter. UBS Group AG now owns 199,914 shares of the basic materials company’s stock worth $10,637,000 after buying an additional 115,069 shares during the period. Finally, Citadel Advisors LLC grew its position in shares of POSCO by 1,456.8% in the 3rd quarter. Citadel Advisors LLC now owns 59,453 shares of the basic materials company’s stock valued at $2,926,000 after buying an additional 63,835 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut POSCO from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. UBS Group upgraded POSCO from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Weiss Ratings downgraded shares of POSCO from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of POSCO from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

POSCO Stock Up 0.8%

Shares of NYSE:PKX opened at $51.61 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.90. POSCO has a 52-week low of $44.99 and a 52-week high of $92.40. The business’s 50 day simple moving average is $65.25 and its two-hundred day simple moving average is $62.96. The firm has a market cap of $15.61 billion, a P/E ratio of 30.54 and a beta of 1.57.

POSCO (NYSE:PKX) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. POSCO had a return on equity of 1.34% and a net margin of 1.19%.The firm had revenue of $11.88 billion during the quarter, compared to the consensus estimate of $11.75 billion. As a group, research analysts forecast that POSCO will post 4.43 EPS for the current fiscal year.

POSCO Profile

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.