Quantinno Capital Management LP Has $11.73 Million Stock Holdings in POSCO $PKX

Quantinno Capital Management LP increased its position in POSCO (NYSE:PKX) by 82.7% during the first quarter, Holdings Channel reports. The firm owned 200,529 shares of the basic materials company’s stock after buying an additional 90,777 shares during the quarter. Quantinno Capital Management LP’s holdings in POSCO were worth $11,729,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in POSCO during the fourth quarter worth approximately $25,000. Allworth Financial LP lifted its position in shares of POSCO by 51.6% in the third quarter. Allworth Financial LP now owns 682 shares of the basic materials company’s stock valued at $34,000 after buying an additional 232 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of POSCO by 1,276.9% in the second quarter. Headlands Technologies LLC now owns 1,432 shares of the basic materials company’s stock valued at $69,000 after buying an additional 1,328 shares during the last quarter. Inspire Investing LLC bought a new position in shares of POSCO during the 4th quarter worth approximately $85,000. Finally, Raymond James Financial Inc. acquired a new position in shares of POSCO during the 2nd quarter worth approximately $95,000.

POSCO Stock Down 0.5%

PKX opened at $52.89 on Tuesday. The stock has a fifty day moving average of $57.13 and a 200-day moving average of $62.77. The company has a market capitalization of $16.00 billion, a P/E ratio of 20.04 and a beta of 1.57. POSCO has a fifty-two week low of $44.99 and a fifty-two week high of $92.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.90.

POSCO (NYSE:PKX) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.30 EPS for the quarter, beating the consensus estimate of $0.85 by $0.45. POSCO had a net margin of 1.79% and a return on equity of 2.00%. The business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.96 billion. On average, equities analysts expect that POSCO will post 4.61 EPS for the current year.

Wall Street Analyst Weigh In

PKX has been the topic of a number of research analyst reports. UBS Group upgraded POSCO from a “neutral” rating to a “buy” rating in a research note on Monday, April 27th. Zacks Research upgraded shares of POSCO from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Wall Street Zen raised shares of POSCO from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings raised shares of POSCO from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

POSCO Company Profile

POSCO (NYSE: PKX) is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea’s industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world’s largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.

The company’s primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.