West Family Investments Inc. Buys 3,596 Shares of POSCO $PKX

by · The Cerbat Gem

West Family Investments Inc. lifted its stake in POSCO (NYSE:PKX – Free Report) by 69.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,800 shares of the basic materials company’s stock after buying an additional 3,596 shares during the quarter. West Family Investments Inc.’s holdings in POSCO were worth $427,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PKX. Ameritas Advisory Services LLC purchased a new position in POSCO in the second quarter worth about $66,000. MAI Capital Management bought a new stake in shares of POSCO during the second quarter valued at approximately $73,000. Hantz Financial Services Inc. increased its position in shares of POSCO by 604.7% during the second quarter. Hantz Financial Services Inc. now owns 1,642 shares of the basic materials company’s stock valued at $80,000 after acquiring an additional 1,409 shares in the last quarter. Brooklyn Investment Group lifted its position in POSCO by 938.0% in the 1st quarter. Brooklyn Investment Group now owns 2,647 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 2,392 shares in the last quarter. Finally, LGT Group Foundation purchased a new stake in POSCO during the 1st quarter valued at $231,000.

POSCO Stock Performance

Shares of PKX opened at $53.13 on Friday. The firm has a market capitalization of $16.13 billion, a P/E ratio of 71.80, a PEG ratio of 0.41 and a beta of 1.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.41. POSCO has a one year low of $39.40 and a one year high of $61.24. The business has a fifty day moving average of $52.03 and a 200 day moving average of $51.68.

POSCO (NYSE:PKX – Get Free Report) last posted its earnings results on Monday, October 27th. The basic materials company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $12.06 billion for the quarter, compared to the consensus estimate of $12.41 billion. POSCO had a return on equity of 0.74% and a net margin of 0.64%. As a group, sell-side analysts anticipate that POSCO will post 3.74 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on PKX shares. Weiss Ratings restated a “hold (c-)” rating on shares of POSCO in a research note on Friday. UBS Group raised POSCO from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Wall Street Zen upgraded shares of POSCO from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Read Our Latest Analysis on PKX

About POSCO

(Free Report)

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.

Read More

Want to see what other hedge funds are holding PKX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for POSCO (NYSE:PKX – Free Report).