UBS Group AG Boosts Holdings in POSCO $PKX

UBS Group AG grew its stake in shares of POSCO (NYSE:PKX) by 135.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,914 shares of the basic materials company’s stock after purchasing an additional 115,069 shares during the quarter. UBS Group AG’s holdings in POSCO were worth $10,637,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PKX. AQR Capital Management LLC boosted its stake in shares of POSCO by 8.3% during the first quarter. AQR Capital Management LLC now owns 6,462 shares of the basic materials company’s stock valued at $307,000 after purchasing an additional 495 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of POSCO by 57.3% during the first 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 during the period. Quantinno Capital Management LP boosted its stake in shares of POSCO by 59.2% during the second quarter. Quantinno Capital Management LP now owns 49,505 shares of the basic materials company’s stock valued at $2,401,000 after purchasing an additional 18,403 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of POSCO during the second quarter valued at $95,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of POSCO by 8.0% during the second quarter. BNP Paribas Financial Markets now owns 259,374 shares of the basic materials company’s stock valued at $12,577,000 after purchasing an additional 19,312 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PKX shares. UBS Group raised shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Monday, April 27th. Weiss Ratings raised shares of POSCO from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research lowered shares of POSCO from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

POSCO Price Performance

PKX stock opened at $79.18 on Friday. The business has a 50-day moving average price of $66.36 and a 200 day moving average price of $60.63. The company has a market capitalization of $23.95 billion, a P/E ratio of 46.85 and a beta of 1.58. POSCO has a 1-year low of $42.35 and a 1-year high of $92.40.

POSCO (NYSE:PKX) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. POSCO had a return on equity of 1.35% and a net margin of 1.19%. On average, analysts anticipate that POSCO will post 4.56 earnings per share 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.