Barry Investment Advisors LLC bought a new stake in POSCO (NYSE:PKX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,114 shares of the basic materials company’s stock, valued at approximately $216,000.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in POSCO by 10.6% in the first quarter. Bank of America Corp DE now owns 314,202 shares of the basic materials company’s stock valued at $20,267,000 after buying an additional 30,009 shares during the last quarter. Aperio Group LLC lifted its stake in POSCO by 7.5% in the second quarter. Aperio Group LLC now owns 214,905 shares of the basic materials company’s stock valued at $13,451,000 after buying an additional 14,908 shares during the last quarter. Northern Trust Corp lifted its stake in POSCO by 12.2% in the second quarter. Northern Trust Corp now owns 643,169 shares of the basic materials company’s stock valued at $40,256,000 after buying an additional 69,983 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in POSCO by 11.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 153,205 shares of the basic materials company’s stock valued at $9,882,000 after buying an additional 15,785 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in POSCO by 76.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,800 shares of the basic materials company’s stock valued at $551,000 after buying an additional 3,800 shares during the last quarter. Institutional investors own 5.15% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/02/barry-investment-advisors-llc-buys-new-position-in-posco-pkx.html.

A number of research firms have issued reports on PKX. BidaskClub cut POSCO from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of POSCO from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. UBS AG upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Thursday, July 6th. Standpoint Research cut shares of POSCO from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, CLSA upgraded shares of POSCO from an “underperform” rating to an “outperform” rating in a research note on Thursday, July 20th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $82.00.

POSCO 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.

Institutional Ownership by Quarter for POSCO (NYSE:PKX)

Receive News & Stock Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related stocks with our FREE daily email newsletter.