POSCO $PKX Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of POSCO (NYSE:PKX) by 14.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 549,699 shares of the basic materials company’s stock after purchasing an additional 68,104 shares during the period. American Century Companies Inc. owned approximately 0.18% of POSCO worth $27,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of POSCO by 8.3% in the 1st quarter. AQR Capital Management LLC now owns 6,462 shares of the basic materials company’s stock valued at $307,000 after buying an additional 495 shares during the period. Goldman Sachs Group Inc. boosted its holdings in POSCO by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 423,253 shares of the basic materials company’s stock valued at $20,117,000 after acquiring an additional 154,100 shares during the period. Bank of Montreal Can boosted its holdings in POSCO by 31.1% during the 2nd quarter. Bank of Montreal Can now owns 38,370 shares of the basic materials company’s stock valued at $1,861,000 after acquiring an additional 9,100 shares during the period. Profund Advisors LLC grew its position in POSCO by 19.9% in the 2nd quarter. Profund Advisors LLC now owns 6,831 shares of the basic materials company’s stock valued at $331,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new stake in POSCO during the second quarter worth about $777,000.

POSCO Stock Performance

NYSE:PKX opened at $58.99 on Monday. POSCO has a 52 week low of $40.80 and a 52 week high of $71.35. The company has a fifty day simple moving average of $61.07 and a two-hundred day simple moving average of $55.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.88.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Thursday, January 29th. The basic materials company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($1.06). POSCO had a net margin of 0.97% and a return on equity of 1.09%. The company had revenue of $10.61 billion during the quarter, compared to analyst estimates of $11.85 billion. Sell-side analysts predict that POSCO will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of POSCO in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About POSCO

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.