NWQ Investment Management Company LLC reduced its holdings in POSCO (NYSE:PKX) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,327 shares of the basic materials company’s stock after selling 8,020 shares during the period. NWQ Investment Management Company LLC owned approximately 0.07% of POSCO worth $17,292,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new position in shares of POSCO in the 4th quarter worth $204,000. Ellington Management Group LLC purchased a new position in shares of POSCO during the 4th quarter worth about $211,000. Signaturefd LLC purchased a new position in shares of POSCO during the 4th quarter worth about $246,000. Wealthsource Partners LLC purchased a new position in shares of POSCO during the 3rd quarter worth about $224,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of POSCO during the 4th quarter worth about $264,000. 5.27% of the stock is owned by institutional investors and hedge funds.
POSCO (NYSE PKX) opened at $81.49 on Wednesday. POSCO has a 52 week low of $56.48 and a 52 week high of $93.12. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 0.21. The company has a market cap of $26,328.61, a PE ratio of 12.52, a P/E/G ratio of 1.71 and a beta of 1.29.
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POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas.
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