HPM Partners LLC continued to hold its stake in POSCO (NYSE:PKX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,845 shares of the basic materials company’s stock at the end of the 2nd quarter. HPM Partners LLC’s holdings in POSCO were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of POSCO by 10.6% in the 1st quarter. Bank of America Corp DE now owns 314,202 shares of the basic materials company’s stock valued at $20,267,000 after acquiring an additional 30,009 shares during the period. Aperio Group LLC raised its holdings in POSCO by 7.5% during the 2nd quarter. Aperio Group LLC now owns 214,905 shares of the basic materials company’s stock worth $13,451,000 after buying an additional 14,908 shares during the period. Stifel Financial Corp raised its holdings in POSCO by 1.2% during the 1st quarter. Stifel Financial Corp now owns 14,359 shares of the basic materials company’s stock worth $926,000 after buying an additional 169 shares during the period. Jane Street Group LLC raised its holdings in POSCO by 1,544.3% during the 1st quarter. Jane Street Group LLC now owns 102,853 shares of the basic materials company’s stock worth $6,634,000 after buying an additional 96,598 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in POSCO by 11.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 153,205 shares of the basic materials company’s stock worth $9,882,000 after buying an additional 15,785 shares during the period. Institutional investors and hedge funds own 5.14% of the company’s stock.
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Several brokerages have commented on PKX. Standpoint Research downgraded shares of POSCO from a “buy” rating to a “hold” rating in a report on Monday, August 7th. CLSA upgraded shares of POSCO from an “underperform” rating to an “outperform” rating in a report on Thursday, July 20th. BidaskClub downgraded shares of POSCO from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Finally, UBS AG upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.00.
Shares of POSCO (PKX) opened at 74.99 on Tuesday. POSCO has a one year low of $47.45 and a one year high of $77.76. The firm’s 50-day moving average is $73.82 and its 200 day moving average is $64.85. The firm has a market capitalization of $24.00 billion, a P/E ratio of 13.43 and a beta of 1.12.
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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