Capstone Asset Management Co. decreased its stake in shares of POSCO (NYSE:PKX) by 8.5% during the second quarter, Holdings Channel reports. The firm owned 30,583 shares of the basic materials company’s stock after selling 2,840 shares during the period. Capstone Asset Management Co.’s holdings in POSCO were worth $1,914,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Comerica Bank increased its stake in shares of POSCO by 12.1% in the fourth quarter. Comerica Bank now owns 20,400 shares of the basic materials company’s stock worth $1,161,000 after buying an additional 2,202 shares during the last quarter. State Street Corp increased its stake in shares of POSCO by 5.9% in the fourth quarter. State Street Corp now owns 397,411 shares of the basic materials company’s stock worth $20,884,000 after buying an additional 22,164 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of POSCO by 9.9% in the fourth quarter. AQR Capital Management LLC now owns 9,330 shares of the basic materials company’s stock worth $490,000 after buying an additional 839 shares during the last quarter. Bank of Montreal Can increased its stake in shares of POSCO by 0.4% in the first quarter. Bank of Montreal Can now owns 13,920 shares of the basic materials company’s stock worth $898,000 after buying an additional 49 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of POSCO by 11.7% in the first quarter. Profund Advisors LLC now owns 24,753 shares of the basic materials company’s stock worth $1,597,000 after buying an additional 2,589 shares during the last quarter. 6.07% of the stock is currently owned by institutional investors.

POSCO (NYSE:PKX) opened at 69.51 on Monday. POSCO has a 12-month low of $46.87 and a 12-month high of $69.63. The company has a 50 day moving average of $61.01 and a 200-day moving average of $59.52. The stock has a market cap of $22.24 billion, a P/E ratio of 14.00 and a beta of 1.09.

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PKX has been the topic of a number of recent analyst reports. UBS AG raised shares of POSCO from a “neutral” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub raised shares of POSCO from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $64.00.

About POSCO

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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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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