NWQ Investment Management Company LLC decreased its stake in shares of POSCO (NYSE:PKX) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,327 shares of the basic materials company’s stock after selling 8,020 shares during the quarter. NWQ Investment Management Company LLC’s holdings in POSCO were worth $17,292,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new stake in POSCO during the 4th quarter valued at about $204,000. Ellington Management Group LLC bought a new stake in POSCO during the 4th quarter valued at about $211,000. Wealthsource Partners LLC bought a new stake in POSCO during the 3rd quarter valued at about $224,000. Signaturefd LLC bought a new stake in POSCO during the 4th quarter valued at about $246,000. Finally, ETRADE Capital Management LLC bought a new stake in POSCO during the 4th quarter valued at about $264,000. Institutional investors own 5.27% of the company’s stock.
Shares of POSCO (PKX) opened at $81.49 on Wednesday. POSCO has a twelve month low of $56.48 and a twelve month high of $93.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.12. The company has a market cap of $26,328.61, a PE ratio of 12.52, a PEG ratio of 1.71 and a beta of 1.29.
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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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