23,800 Shares in POSCO $PKX Bought by Barometer Capital Management Inc.

Barometer Capital Management Inc. bought a new stake in shares of POSCO (NYSE:PKX) in the 1st quarter, Holdings Channel reports. The institutional investor bought 23,800 shares of the basic materials company’s stock, valued at approximately $1,392,000.

Several other hedge funds have also bought and sold shares of the stock. Xponance LLC boosted its holdings in shares of POSCO by 4.3% during the 4th quarter. Xponance LLC now owns 4,433 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 181 shares during the last quarter. Parallel Advisors LLC grew its position in shares of POSCO by 4.5% during the third quarter. Parallel Advisors LLC now owns 4,863 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 211 shares in the last quarter. Allworth Financial LP increased its holdings in shares of POSCO by 51.6% in the third quarter. Allworth Financial LP now owns 682 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 232 shares during the last quarter. PDS Planning Inc increased its holdings in shares of POSCO by 4.6% in the fourth quarter. PDS Planning Inc now owns 6,430 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 283 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of POSCO by 5.3% in the fourth quarter. Brooklyn Investment Group now owns 5,636 shares of the basic materials company’s stock worth $306,000 after buying an additional 285 shares in the last quarter.

POSCO Stock Performance

Shares of NYSE:PKX opened at $51.63 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. POSCO has a 12 month low of $44.99 and a 12 month high of $92.40. The company has a market capitalization of $15.62 billion, a price-to-earnings ratio of 30.55 and a beta of 1.57. The firm’s 50-day moving average is $61.56 and its 200 day moving average is $62.86.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. POSCO had a net margin of 1.19% and a return on equity of 1.34%. The business had revenue of $11.88 billion during the quarter, compared to the consensus estimate of $11.75 billion. Research analysts predict that POSCO will post 4.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PKX shares. Weiss Ratings cut shares of POSCO from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen downgraded POSCO from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research upgraded POSCO from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, UBS Group raised shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.