Aperio Group LLC increased its position in shares of POSCO (NYSE:PKX) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,945 shares of the basic materials company’s stock after acquiring an additional 8,040 shares during the period. Aperio Group LLC owned approximately 0.07% of POSCO worth $15,472,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. acquired a new position in POSCO during the third quarter worth about $347,000. USA Financial Portformulas Corp acquired a new position in POSCO during the second quarter worth about $513,000. Raymond James Financial Services Advisors Inc. grew its holdings in POSCO by 91.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,814 shares of the basic materials company’s stock worth $426,000 after acquiring an additional 3,261 shares during the period. C M Bidwell & Associates Ltd. grew its holdings in POSCO by 20,268.4% during the second quarter. C M Bidwell & Associates Ltd. now owns 38,700 shares of the basic materials company’s stock worth $2,422,000 after acquiring an additional 38,510 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in POSCO by 188.4% during the second quarter. Cubist Systematic Strategies LLC now owns 15,206 shares of the basic materials company’s stock worth $952,000 after acquiring an additional 9,933 shares during the period. 5.15% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “POSCO (PKX) Shares Bought by Aperio Group LLC” was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://theolympiareport.com/2017/10/31/posco-pkx-shares-bought-by-aperio-group-llc.html.

A number of research analysts recently issued reports on PKX shares. UBS AG raised POSCO from a “neutral” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub raised POSCO from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. CLSA raised POSCO from an “underperform” rating to an “outperform” rating in a report on Thursday, July 20th. Standpoint Research lowered POSCO from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Zacks Investment Research lowered POSCO from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $82.00.

POSCO (NYSE PKX) opened at 72.546 on Tuesday. The company has a 50 day moving average price of $71.62 and a 200-day moving average price of $67.39. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 12.856 and a beta of 1.11. POSCO has a 52-week low of $50.37 and a 52-week high of $77.76.

POSCO Profile

POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas.

Want to see what other hedge funds are holding PKX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for POSCO (NYSE:PKX).

Institutional Ownership by Quarter for POSCO (NYSE:PKX)

Receive News & Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related companies with Analyst Ratings Network's FREE daily email newsletter.