POSCO (PKX) Holdings Boosted by Assetmark Inc.

Assetmark Inc. grew its position in shares of POSCO (NYSE:PKX) by 164,689.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,142 shares of the basic materials company’s stock after acquiring an additional 163,043 shares during the quarter. Assetmark Inc. owned 0.05% of POSCO worth $11,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of PKX. Vanguard Group Inc. boosted its holdings in POSCO by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 693,767 shares of the basic materials company’s stock worth $44,748,000 after acquiring an additional 16,974 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of POSCO in the 1st quarter worth about $2,941,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of POSCO by 11.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 153,205 shares of the basic materials company’s stock worth $9,882,000 after buying an additional 15,785 shares during the last quarter. State Street Corp boosted its holdings in shares of POSCO by 9.6% in the 1st quarter. State Street Corp now owns 435,670 shares of the basic materials company’s stock worth $28,100,000 after buying an additional 38,259 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in POSCO by 23.2% in the 2nd quarter. Bank of Montreal Can now owns 17,155 shares of the basic materials company’s stock valued at $1,074,000 after acquiring an additional 3,235 shares during the period. 5.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on PKX. Zacks Investment Research cut POSCO from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. BidaskClub lowered POSCO from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Deutsche Bank upgraded POSCO from a “hold” rating to a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.00.

Shares of POSCO (NYSE PKX) traded down $0.62 on Thursday, reaching $76.31. The company had a trading volume of 119,705 shares, compared to its average volume of 256,244. POSCO has a 52 week low of $50.37 and a 52 week high of $79.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.68 and a quick ratio of 1.14. The company has a market cap of $27,310.00, a P/E ratio of 13.99, a PEG ratio of 1.86 and a beta of 1.11.

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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.

Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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