Quadrant Capital Group LLC Has $2.92 Million Position in POSCO $PKX

Quadrant Capital Group LLC grew its holdings in POSCO (NYSE:PKX) by 232.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,290 shares of the basic materials company’s stock after purchasing an additional 42,143 shares during the period. Quadrant Capital Group LLC’s holdings in POSCO were worth $2,923,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Northern Trust Corp grew its stake 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 acquiring an additional 21,609 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in POSCO during the second quarter valued at approximately $66,000. Blue Trust Inc. increased its stake in POSCO by 161.3% in the 2nd 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. acquired a new position in POSCO in the 1st quarter valued at approximately $321,000. Finally, Natixis Advisors LLC lifted its position in POSCO by 60.6% in the 1st quarter. Natixis Advisors LLC now owns 16,441 shares of the basic materials company’s stock worth $781,000 after buying an additional 6,202 shares in the last quarter.

POSCO Stock Performance

Shares of NYSE PKX opened at $54.82 on Friday. The business’s 50-day simple moving average is $51.97 and its 200-day simple moving average is $51.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.41 and a current ratio of 1.96. POSCO has a 52 week low of $39.40 and a 52 week high of $61.24. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 74.08, a P/E/G ratio of 0.41 and a beta of 1.52.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PKX shares. Wall Street Zen upgraded shares of POSCO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings upgraded POSCO from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, November 21st. Finally, UBS Group raised POSCO from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, POSCO presently has an average rating of “Hold”.

About POSCO

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.