Walleye Capital LLC Sells 31,336 Shares of POSCO $PKX

Walleye Capital LLC lowered its stake in POSCO (NYSE:PKX) by 78.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 8,520 shares of the basic materials company’s stock after selling 31,336 shares during the quarter. Walleye Capital LLC’s holdings in POSCO were worth $405,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its holdings in POSCO by 10.2% in the first quarter. Lindbrook Capital LLC now owns 3,412 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 316 shares in the last quarter. Gilman Hill Asset Management LLC boosted its holdings in POSCO by 2.5% in the first quarter. Gilman Hill Asset Management LLC now owns 21,564 shares of the basic materials company’s stock valued at $1,025,000 after acquiring an additional 535 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of POSCO by 6.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,748 shares of the basic materials company’s stock worth $511,000 after buying an additional 681 shares during the period. DMC Group LLC grew its position in shares of POSCO by 11.2% in the 1st quarter. DMC Group LLC now owns 8,884 shares of the basic materials company’s stock worth $422,000 after buying an additional 895 shares during the period. Finally, Blue Trust Inc. grew its position in shares of POSCO by 27.1% in the 1st quarter. Blue Trust Inc. now owns 4,819 shares of the basic materials company’s stock worth $229,000 after buying an additional 1,027 shares during the period.

POSCO Stock Performance

Shares of POSCO stock opened at $50.49 on Wednesday. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 62.34, a PEG ratio of 0.36 and a beta of 1.41. The firm’s 50-day moving average is $54.89 and its 200 day moving average is $49.71. POSCO has a 1 year low of $39.40 and a 1 year high of $74.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.89 and a quick ratio of 1.32.

POSCO (NYSE:PKX) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The firm had revenue of $12.66 billion during the quarter, compared to the consensus estimate of $13.21 billion. POSCO had a return on equity of 0.81% and a net margin of 0.69%. Sell-side analysts anticipate that POSCO will post 3.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PKX has been the topic of a number of recent research reports. UBS Group raised shares of POSCO from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 21st. Wall Street Zen raised shares of POSCO from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley raised shares of POSCO from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 4th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, POSCO has a consensus rating of “Moderate Buy”.

POSCO Company Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.