Posco (PKX) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. cut its stake in shares of Posco (NYSE:PKX) by 18.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,523 shares of the company’s stock after selling 1,041 shares during the period. TD Asset Management Inc.’s holdings in Posco were worth $201,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. UBS Group AG increased its stake in Posco by 137.4% in the first quarter. UBS Group AG now owns 519,273 shares of the company’s stock valued at $24,577,000 after buying an additional 300,525 shares during the last quarter. Aperio Group LLC increased its stake in shares of Posco by 19.7% in the first quarter. Aperio Group LLC now owns 225,623 shares of the company’s stock valued at $10,679,000 after buying an additional 37,071 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Posco by 161.6% in the second quarter. Acadian Asset Management LLC now owns 163,536 shares of the company’s stock valued at $7,278,000 after buying an additional 101,028 shares in the last quarter. CIBC World Markets Inc. increased its stake in shares of Posco by 5.0% in the second quarter. CIBC World Markets Inc. now owns 136,392 shares of the company’s stock valued at $6,069,000 after buying an additional 6,522 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new stake in shares of Posco during the first quarter valued at $6,385,000. 6.55% of the stock is owned by institutional investors and hedge funds.
Posco (NYSE:PKX) traded up 0.27% during midday trading on Tuesday, reaching $48.98. The company’s stock had a trading volume of 163,225 shares. The company’s 50-day moving average price is $49.85 and its 200-day moving average price is $47.58. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of 73.60 and a beta of 1.28. Posco has a 1-year low of $30.97 and a 1-year high of $55.60.
Several equities research analysts recently weighed in on the company. Macquarie raised Posco from a “neutral” rating to an “outperform” rating in a report on Thursday, July 21st. Zacks Investment Research raised Posco from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Credit Agricole SA raised Posco from a “sell” rating to an “underperform” rating in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.
Posco Company Profile
POSCO is an integrated steel producer. The Company operates in four segments: steel segment, trading segment, construction segment and others segment. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of Daewoo International, exporting and importing a range of steel products that are both obtained from and supplied to POSCO, as well as between other suppliers and purchasers in Korea and overseas.
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