POSCO (PKX) Position Held by Chou Associates Management Inc.
Chou Associates Management Inc. maintained its stake in POSCO (NYSE:PKX) during the third quarter, Holdings Channel reports. The fund owned 21,000 shares of the company’s stock at the end of the third quarter. POSCO accounts for about 0.4% of Chou Associates Management Inc.’s investment portfolio, making the stock its 21st largest position. Chou Associates Management Inc.’s holdings in POSCO were worth $1,073,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of PKX. Cubist Systematic Strategies LLC purchased a new stake in POSCO during the second quarter valued at approximately $231,000. KCG Holdings Inc. purchased a new stake in POSCO during the second quarter valued at approximately $247,000. Pacad Investment Ltd. purchased a new stake in POSCO during the second quarter valued at approximately $254,000. Advisors Asset Management Inc. raised its stake in POSCO by 0.8% in the second quarter. Advisors Asset Management Inc. now owns 6,447 shares of the company’s stock valued at $287,000 after buying an additional 49 shares during the period. Finally, Wells Fargo & Company MN raised its stake in POSCO by 98.7% in the third quarter. Wells Fargo & Company MN now owns 5,769 shares of the company’s stock valued at $294,000 after buying an additional 2,866 shares during the period. Hedge funds and other institutional investors own 5.42% of the company’s stock.
POSCO (NYSE:PKX) traded up 1.07% on Friday, hitting $56.90. 199,277 shares of the stock were exchanged. The company has a 50-day moving average of $54.82 and a 200-day moving average of $51.33. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 26.85 and a beta of 1.08. POSCO has a 12 month low of $30.97 and a 12 month high of $60.13.
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A number of research firms have recently weighed in on PKX. Zacks Investment Research downgraded shares of POSCO from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, December 27th. Nomura downgraded shares of POSCO from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 26th. downgraded shares of POSCO from an “outperform” rating to an “underperform” rating in a research report on Tuesday, October 4th. TheStreet raised shares of POSCO from a “hold” rating to a “buy” rating in a research report on Monday, December 5th. Finally, HSBC raised shares of POSCO from a “hold” rating to a “buy” rating in a research report on Monday, November 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold”.
POSCO Company Profile
POSCO is an integrated steel producer. The Company operates in four segments: steel, trading, engineering and 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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