Bridgewater Advisors Inc. Makes New Investment in POSCO (NYSE:PKX)

Bridgewater Advisors Inc. bought a new position in POSCO (NYSE:PKX) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,643 shares of the basic materials company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of POSCO during the 4th quarter valued at $29,000. GAMMA Investing LLC grew its stake in shares of POSCO by 329.1% in the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company’s stock worth $76,000 after buying an additional 1,231 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in POSCO in the 1st quarter worth $201,000. QRG Capital Management Inc. purchased a new position in POSCO in the first quarter worth about $212,000. Finally, Blue Trust Inc. raised its stake in POSCO by 27.1% in the first quarter. Blue Trust Inc. now owns 4,819 shares of the basic materials company’s stock worth $229,000 after buying an additional 1,027 shares in the last quarter.

POSCO Trading Up 0.8%

PKX stock opened at $55.72 on Friday. POSCO has a one year low of $39.40 and a one year high of $74.01. The company has a fifty day moving average price of $48.93 and a two-hundred day moving average price of $47.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.89 and a quick ratio of 1.32. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 0.39 and a beta of 1.35.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). POSCO had a return on equity of 1.45% and a net margin of 1.20%. The firm had revenue of $12 billion during the quarter, compared to analysts’ expectations of $12.12 billion. Equities analysts anticipate that POSCO will post 3.74 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PKX shares. Wall Street Zen cut shares of POSCO from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Morgan Stanley raised shares of POSCO from an “equal weight” rating to an “overweight” rating in a report on Friday, July 4th.

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.