UBS Group AG Purchases 115,069 Shares of POSCO $PKX

UBS Group AG boosted its position in POSCO (NYSE:PKX) by 135.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 199,914 shares of the basic materials company’s stock after acquiring an additional 115,069 shares during the period. UBS Group AG’s holdings in POSCO were worth $10,637,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Summit Global Investments acquired a new position in shares of POSCO during the third quarter valued at about $500,000. American Century Companies Inc. increased its holdings in shares of POSCO by 14.1% during the third quarter. American Century Companies Inc. now owns 549,699 shares of the basic materials company’s stock valued at $27,051,000 after acquiring an additional 68,104 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of POSCO by 156.9% during the fourth quarter. Frank Rimerman Advisors LLC now owns 22,300 shares of the basic materials company’s stock valued at $1,187,000 after acquiring an additional 13,620 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of POSCO by 5.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 36,136 shares of the basic materials company’s stock valued at $1,778,000 after acquiring an additional 1,741 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of POSCO by 12.6% during the third quarter. Sequoia Financial Advisors LLC now owns 19,887 shares of the basic materials company’s stock valued at $979,000 after acquiring an additional 2,231 shares in the last quarter.

POSCO Stock Down 4.2%

Shares of NYSE PKX opened at $79.18 on Friday. The business’s 50 day moving average price is $66.36 and its 200 day moving average price is $60.63. The firm has a market cap of $23.95 billion, a P/E ratio of 46.85 and a beta of 1.58. POSCO has a 52 week low of $42.35 and a 52 week high of $92.40.

POSCO (NYSE:PKX) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. POSCO had a return on equity of 1.35% and a net margin of 1.19%. As a group, research analysts expect that POSCO will post 4.56 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on PKX. Weiss Ratings upgraded shares of POSCO from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 22nd. UBS Group upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research downgraded shares of POSCO from a “hold” rating to a “strong sell” rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

About POSCO

POSCO (NYSE: PKX) is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea’s industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world’s largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.

The company’s primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.