Natixis Advisors LLC Has $781,000 Holdings in POSCO (NYSE:PKX)

Natixis Advisors LLC boosted its stake in shares of POSCO (NYSE:PKX) by 60.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,441 shares of the basic materials company’s stock after purchasing an additional 6,202 shares during the quarter. Natixis Advisors LLC’s holdings in POSCO were worth $781,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC raised its stake in POSCO by 59.9% during the 1st quarter. Cerity Partners LLC now owns 23,417 shares of the basic materials company’s stock valued at $1,113,000 after purchasing an additional 8,776 shares during the last quarter. GAMMA Investing LLC increased its holdings in POSCO by 329.1% in the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company’s stock valued at $76,000 after buying an additional 1,231 shares during the period. Deutsche Bank AG bought a new stake in POSCO in the 4th quarter valued at $770,000. Two Sigma Investments LP bought a new stake in POSCO in the 4th quarter valued at $1,062,000. Finally, Northern Trust Corp increased its holdings in POSCO by 157.0% in the 4th quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company’s stock valued at $18,613,000 after buying an additional 262,257 shares during the period.

POSCO Stock Down 0.7%

PKX opened at $53.64 on Monday. The firm’s 50-day simple moving average is $52.62 and its 200-day simple moving average is $48.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.32 and a current ratio of 1.89. POSCO has a twelve month low of $39.40 and a twelve month high of $74.01. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 66.22, a PEG ratio of 0.37 and a beta of 1.36.

POSCO (NYSE:PKX) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). POSCO had a return on equity of 0.81% and a net margin of 0.69%. The firm had revenue of $12.66 billion during the quarter, compared to the consensus estimate of $13.21 billion. Equities research analysts anticipate that POSCO will post 3.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on PKX shares. Morgan Stanley raised shares of POSCO from an “equal weight” rating to an “overweight” rating in a report on Friday, July 4th. Wall Street Zen raised shares of POSCO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd.

About POSCO

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.