West Family Investments Inc. Purchases 3,596 Shares of POSCO $PKX

West Family Investments Inc. increased its position in POSCO (NYSE:PKX) by 69.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the basic materials company’s stock after buying an additional 3,596 shares during the quarter. West Family Investments Inc.’s holdings in POSCO were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp raised its position in POSCO by 5.0% during the 1st quarter. Northern Trust Corp now owns 450,873 shares of the basic materials company’s stock valued at $21,430,000 after purchasing an additional 21,609 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of POSCO during the second quarter valued at approximately $66,000. Blue Trust Inc. increased its stake in shares of POSCO by 161.3% during the second quarter. Blue Trust Inc. now owns 12,592 shares of the basic materials company’s stock valued at $611,000 after buying an additional 7,773 shares during the period. Compound Planning Inc. bought a new position in shares of POSCO during the first quarter valued at approximately $321,000. Finally, Natixis Advisors LLC lifted its stake in POSCO by 60.6% in the first quarter. Natixis Advisors LLC now owns 16,441 shares of the basic materials company’s stock worth $781,000 after acquiring an additional 6,202 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of POSCO in a research report on Friday. UBS Group upgraded shares of POSCO from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Wall Street Zen raised shares of POSCO from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, POSCO currently has a consensus rating of “Hold”.

POSCO Stock Performance

Shares of PKX stock opened at $53.13 on Friday. The company’s fifty day moving average price is $52.03 and its 200-day moving average price is $51.68. The stock has a market cap of $16.13 billion, a PE ratio of 71.80, a price-to-earnings-growth ratio of 0.41 and a beta of 1.52. The company has a current ratio of 1.96, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. POSCO has a 12 month low of $39.40 and a 12 month high of $61.24.

POSCO (NYSE:PKX) last issued its quarterly earnings results on Monday, October 27th. The basic materials company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. POSCO had a net margin of 0.64% and a return on equity of 0.74%. The company had revenue of $12.06 billion during the quarter, compared to analyst estimates of $12.41 billion. On average, equities analysts expect that POSCO will post 3.74 EPS for the current fiscal year.

POSCO Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.