KCS Wealth Advisory Invests $900,000 in POSCO (PKX)

KCS Wealth Advisory acquired a new position in shares of POSCO (NYSE:PKX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,525 shares of the basic materials company’s stock, valued at approximately $900,000. POSCO comprises approximately 0.9% of KCS Wealth Advisory’s holdings, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PKX. Barry Investment Advisors LLC acquired a new position in POSCO during the third quarter worth $216,000. Wealthsource Partners LLC acquired a new position in POSCO during the third quarter worth $224,000. Eagle Asset Management Inc. acquired a new position in POSCO during the third quarter worth $265,000. Strategic Global Advisors LLC boosted its stake in POSCO by 0.3% during the second quarter. Strategic Global Advisors LLC now owns 4,306 shares of the basic materials company’s stock worth $270,000 after buying an additional 15 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in POSCO during the second quarter worth $293,000. 5.37% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on PKX. Zacks Investment Research lowered POSCO from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Goldman Sachs Group raised POSCO from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Finally, Deutsche Bank raised POSCO from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. POSCO presently has an average rating of “Buy” and an average target price of $82.00.

POSCO (NYSE:PKX) traded up $2.77 during midday trading on Friday, reaching $90.34. The company’s stock had a trading volume of 341,693 shares, compared to its average volume of 292,089. The firm has a market capitalization of $30,170.00, a price-to-earnings ratio of 13.04, a P/E/G ratio of 1.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.68 and a quick ratio of 1.14. POSCO has a one year low of $52.88 and a one year high of $90.56.

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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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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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