POSCO (NYSE:PKX) Holdings Raised by Standard Family Office LLC

Standard Family Office LLC boosted its stake in POSCO (NYSE:PKX) by 516.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,289 shares of the basic materials company’s stock after buying an additional 1,080 shares during the quarter. Standard Family Office LLC’s holdings in POSCO were worth $93,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PKX. Inspire Advisors LLC bought a new position in shares of POSCO during the 4th quarter valued at $25,000. NEXT Financial Group Inc raised its holdings in shares of POSCO by 1,654.4% during the 1st quarter. NEXT Financial Group Inc now owns 1,000 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 943 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of POSCO during the 1st quarter valued at $98,000. SG Americas Securities LLC bought a new position in shares of POSCO during the 4th quarter valued at $144,000. Finally, Lindbrook Capital LLC raised its holdings in shares of POSCO by 15.2% during the 1st quarter. Lindbrook Capital LLC now owns 2,062 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 3.35% of the company’s stock.

NYSE:PKX opened at $75.56 on Friday. POSCO has a 1 year low of $35.78 and a 1 year high of $92.19. The firm has a fifty day moving average price of $80.00. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt-to-equity ratio of 0.25. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.88 and a beta of 1.14.

PKX has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of POSCO from a “sell” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a report on Friday, March 12th. UBS Group downgraded shares of POSCO from a “buy” rating to a “neutral” rating in a report on Thursday, May 27th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $73.00.

POSCO Profile

POSCO, together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets.

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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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