KCS Wealth Advisory acquired a new stake in POSCO (NYSE:PKX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,525 shares of the basic materials company’s stock, valued at approximately $900,000. POSCO makes up 0.9% of KCS Wealth Advisory’s holdings, making the stock its 28th biggest holding.
Other institutional investors have also bought and sold shares of the company. Capital Growth Management LP purchased a new stake in shares of POSCO in the third quarter valued at approximately $29,148,000. Vanguard Group Inc. boosted its stake in shares of POSCO by 3.4% in the second quarter. Vanguard Group Inc. now owns 717,651 shares of the basic materials company’s stock worth $44,918,000 after acquiring an additional 23,884 shares during the last quarter. State Street Corp boosted its stake in shares of POSCO by 6.8% in the second quarter. State Street Corp now owns 465,450 shares of the basic materials company’s stock worth $29,131,000 after acquiring an additional 29,780 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of POSCO by 44.1% in the third quarter. BNP Paribas Arbitrage SA now owns 5,867 shares of the basic materials company’s stock worth $407,000 after acquiring an additional 1,796 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of POSCO by 12.2% in the second quarter. Northern Trust Corp now owns 643,169 shares of the basic materials company’s stock worth $40,256,000 after acquiring an additional 69,983 shares during the last quarter. Institutional investors and hedge funds own 5.37% of the company’s stock.
Shares of POSCO (NYSE PKX) traded up $2.77 during trading hours on Friday, hitting $90.34. The stock had a trading volume of 341,693 shares, compared to its average volume of 292,089. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.68 and a quick ratio of 1.14. The firm has a market capitalization of $30,170.00, a price-to-earnings ratio of 13.04, a PEG ratio of 1.94 and a beta of 1.12. POSCO has a 12-month low of $52.88 and a 12-month high of $90.56.
A number of analysts have recently issued reports on PKX shares. Zacks Investment Research lowered POSCO from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Deutsche Bank raised POSCO from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Finally, Goldman Sachs Group raised POSCO from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $82.00.
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POSCO Company Profile
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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