National Planning Corp purchased a new stake in shares of POSCO (NYSE:PKX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,286 shares of the basic materials company’s stock, valued at approximately $1,383,000.

Several other large investors have also bought and sold shares of the stock. Rational Advisors LLC raised its stake 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 acquired a new stake in POSCO during the first quarter valued at approximately $187,000. Barry Investment Advisors LLC acquired a new stake in POSCO during the first quarter valued at approximately $213,000. Raymond James Financial Services Advisors Inc. acquired a new stake in POSCO during the first quarter valued at approximately $229,000. Finally, Teza Capital Management LLC acquired a new stake in POSCO during the first quarter valued at approximately $237,000. Institutional investors and hedge funds own 5.96% of the company’s stock.

Shares of POSCO (NYSE PKX) opened at 72.49 on Friday. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 14.27 and a beta of 1.13. POSCO has a 12-month low of $47.45 and a 12-month high of $76.04. The stock has a 50 day moving average of $69.07 and a 200 day moving average of $62.73.

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Several equities research analysts have recently commented on the stock. UBS AG upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub upgraded shares of POSCO from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. CLSA upgraded shares of POSCO from an “underperform” rating to an “outperform” rating in a report on Thursday, July 20th. Finally, Standpoint Research lowered shares of POSCO from a “buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average 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.

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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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