BNP Paribas Arbitrage SA Has $407,000 Holdings in POSCO (PKX)

BNP Paribas Arbitrage SA lifted its stake in shares of POSCO (NYSE:PKX) by 44.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,867 shares of the basic materials company’s stock after buying an additional 1,796 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in POSCO were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Brandes Investment Partners LP grew its position in shares of POSCO by 1.8% during the 2nd quarter. Brandes Investment Partners LP now owns 936,469 shares of the basic materials company’s stock worth $58,614,000 after buying an additional 16,819 shares during the period. Vanguard Group Inc. grew its position in shares of POSCO by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 717,651 shares of the basic materials company’s stock worth $44,918,000 after buying an additional 23,884 shares during the period. Northern Trust Corp grew its position in shares of POSCO by 12.2% during the 2nd quarter. Northern Trust Corp now owns 643,169 shares of the basic materials company’s stock worth $40,256,000 after buying an additional 69,983 shares during the period. State Street Corp grew its position in shares of POSCO by 6.8% during the 2nd quarter. State Street Corp now owns 465,450 shares of the basic materials company’s stock worth $29,131,000 after buying an additional 29,780 shares during the period. Finally, LMR Partners LLP grew its position in shares of POSCO by 57.0% during the 2nd quarter. LMR Partners LLP now owns 387,825 shares of the basic materials company’s stock worth $24,321,000 after buying an additional 140,787 shares during the period. 5.39% of the stock is owned by institutional investors.

Shares of POSCO (NYSE PKX) traded up $0.03 during mid-day trading on Monday, hitting $76.34. 160,400 shares of the stock traded hands, compared to its average volume of 255,842. The firm has a market cap of $24,427.88, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.12. POSCO has a one year low of $50.37 and a one year high of $79.20. The company has a current ratio of 1.68, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24.

Several analysts have recently commented on PKX shares. Zacks Investment Research downgraded shares of POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Deutsche Bank raised shares of POSCO from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. POSCO currently has a consensus rating of “Buy” and a consensus price target of $82.00.

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POSCO Company Profile

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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