Frank Rimerman Advisors LLC Buys 13,620 Shares of POSCO $PKX

Frank Rimerman Advisors LLC lifted its stake in shares of POSCO (NYSE:PKX) by 156.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,300 shares of the basic materials company’s stock after acquiring an additional 13,620 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in POSCO were worth $1,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Founders Capital Management boosted its holdings in shares of POSCO by 100.0% in the third quarter. Founders Capital Management now owns 600 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Allworth Financial LP increased its holdings in POSCO by 51.6% during the 3rd quarter. Allworth Financial LP now owns 682 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 232 shares during the period. Headlands Technologies LLC raised its position in POSCO by 1,276.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,432 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 1,328 shares in the last quarter. Raymond James Financial Inc. bought a new stake in POSCO during the 2nd quarter valued at $95,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of POSCO in the 2nd quarter worth $98,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of POSCO in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

POSCO Trading Up 0.3%

NYSE:PKX opened at $58.65 on Thursday. The firm has a 50-day simple moving average of $61.99 and a 200-day simple moving average of $56.06. POSCO has a one year low of $40.80 and a one year high of $71.35. The firm has a market cap of $17.74 billion, a P/E ratio of 44.44, a P/E/G ratio of 0.32 and a beta of 1.43. 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 released its quarterly earnings data on Thursday, January 29th. The basic materials company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($1.06). The business had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $11.85 billion. POSCO had a net margin of 0.97% and a return on equity of 1.09%. Equities analysts anticipate that POSCO will post 3.74 EPS for the current fiscal year.

POSCO 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.