Advisors Asset Management Inc. boosted its stake in shares of POSCO (NYSE:PKX) by 48.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,291 shares of the basic materials company’s stock after buying an additional 5,620 shares during the period. Advisors Asset Management Inc.’s holdings in POSCO were worth $1,082,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PKX. Rational Advisors LLC increased its position in POSCO by 100.0% in the first quarter. Rational Advisors LLC now owns 1,800 shares of the basic materials company’s stock valued at $116,000 after buying an additional 900 shares in the last quarter. MAVEN SECURITIES Ltd purchased a new position in POSCO during the first quarter valued at approximately $187,000. Raymond James Financial Services Advisors Inc. purchased a new position in POSCO during the first quarter valued at approximately $229,000. Teza Capital Management LLC purchased a new position in POSCO during the first quarter valued at approximately $237,000. Finally, HPM Partners LLC purchased a new position in POSCO during the first quarter valued at approximately $248,000. 5.14% of the stock is owned by hedge funds and other institutional investors.

Shares of POSCO (NYSE:PKX) opened at 74.75 on Wednesday. The firm has a 50-day moving average price of $72.14 and a 200 day moving average price of $63.88. POSCO has a one year low of $47.45 and a one year high of $76.04. The stock has a market capitalization of $24.29 billion, a PE ratio of 13.26 and a beta of 1.13.

TRADEMARK VIOLATION WARNING: “Advisors Asset Management Inc. Purchases 5,620 Shares of POSCO (PKX)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/advisors-asset-management-inc-purchases-5620-shares-of-posco-pkx/1530952.html.

Several research analysts recently commented on the company. UBS AG raised POSCO from a “neutral” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub raised POSCO from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. CLSA upgraded POSCO from an “underperform” rating to an “outperform” rating in a report on Thursday, July 20th. Finally, Standpoint Research cut POSCO from a “buy” rating to a “hold” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.00.

About POSCO

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.

Want to see what other hedge funds are holding PKX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for POSCO (NYSE:PKX).

Institutional Ownership by Quarter for POSCO (NYSE:PKX)

Receive News & Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related companies with Analyst Ratings Network's FREE daily email newsletter.