POSCO (NYSE:PKX) Stock Position Raised by Cresset Asset Management LLC

Cresset Asset Management LLC raised its position in shares of POSCO (NYSE:PKX) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,308 shares of the basic materials company’s stock after purchasing an additional 256 shares during the period. Cresset Asset Management LLC’s holdings in POSCO were worth $484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PKX. Harbour Investments Inc. acquired a new position in shares of POSCO during the 1st quarter valued at about $90,000. Standard Family Office LLC increased its holdings in shares of POSCO by 516.7% during the 1st quarter. Standard Family Office LLC now owns 1,289 shares of the basic materials company’s stock valued at $93,000 after acquiring an additional 1,080 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of POSCO during the 1st quarter valued at about $98,000. Bessemer Group Inc. acquired a new position in shares of POSCO during the 2nd quarter valued at about $177,000. Finally, SG Americas Securities LLC increased its holdings in shares of POSCO by 9.1% during the 1st quarter. SG Americas Securities LLC now owns 2,521 shares of the basic materials company’s stock valued at $182,000 after acquiring an additional 210 shares during the last quarter. 3.47% of the stock is owned by institutional investors.

PKX opened at $72.77 on Wednesday. POSCO has a 12-month low of $39.94 and a 12-month high of $92.19. The firm has a market capitalization of $25.38 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.11. The stock’s 50 day moving average price is $73.78 and its two-hundred day moving average price is $75.55. The company has a quick ratio of 1.62, a current ratio of 2.26 and a debt-to-equity ratio of 0.23.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Friday, August 27th. The basic materials company reported $4.90 earnings per share for the quarter. The company had revenue of $16.32 billion for the quarter. POSCO had a return on equity of 8.19% and a net margin of 6.10%. As a group, analysts anticipate that POSCO will post 11.26 earnings per share for the current year.

A number of research analysts have recently commented on PKX shares. UBS Group lowered POSCO from a “buy” rating to a “neutral” rating in a report on Thursday, May 27th. Zacks Investment Research lowered POSCO from a “buy” rating to a “hold” rating in a report on Thursday, September 16th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, POSCO has an average rating of “Buy” and an average target price of $86.00.

About POSCO

POSCO engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stain less steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.

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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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