Vestmark Advisory Solutions Inc. Invests $473,000 in POSCO $PKX

Vestmark Advisory Solutions Inc. acquired a new position in shares of POSCO (NYSE:PKX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,954 shares of the basic materials company’s stock, valued at approximately $473,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new position in shares of POSCO during the fourth quarter worth about $29,000. GAMMA Investing LLC boosted its position in shares of POSCO by 329.1% during the first 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 period. Lindbrook Capital LLC boosted its position in shares of POSCO by 10.2% during the first quarter. Lindbrook Capital LLC now owns 3,412 shares of the basic materials company’s stock worth $162,000 after buying an additional 316 shares during the period. Johnson Investment Counsel Inc. acquired a new position in shares of POSCO during the first quarter worth about $201,000. Finally, QRG Capital Management Inc. acquired a new position in shares of POSCO during the first quarter worth about $212,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PKX shares. Wall Street Zen raised POSCO from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley raised POSCO from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 4th.

POSCO Stock Performance

Shares of NYSE PKX opened at $55.24 on Monday. The stock has a 50 day moving average price of $53.57 and a 200 day moving average price of $48.78. POSCO has a 52 week low of $39.40 and a 52 week high of $74.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.89. The stock has a market capitalization of $16.77 billion, a PE ratio of 68.20, a price-to-earnings-growth ratio of 0.38 and a beta of 1.36.

POSCO (NYSE:PKX) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). POSCO had a net margin of 0.69% and a return on equity of 0.81%. The business had revenue of $12.66 billion during the quarter, compared to the consensus estimate of $13.21 billion. Analysts predict that POSCO will post 3.74 earnings per share for the current fiscal year.

POSCO Company 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.