POSCO (PKX) Shares Bought by Aperio Group LLC
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.
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 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.
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