Victory Capital Management Decreased Belden Com (BDC) Position; 3 Bullish Analysts Covering POSCO (ADR) (PKX)

June 19, 2017 - By Louis Casey

Among 5 analysts covering POSCO (NYSE:PKX), 3 have Buy rating, 2 Sell and 0 Hold. Therefore 60% are positive. POSCO had 7 analyst reports since August 31, 2015 according to SRatingsIntel. The rating was downgraded by Macquarie Research on Thursday, September 3 to “Neutral”. The rating was upgraded by Nomura to “Buy” on Thursday, January 26. Zacks downgraded POSCO (ADR) (NYSE:PKX) on Monday, August 31 to “Hold” rating. The stock of POSCO (ADR) (NYSE:PKX) has “Outperform” rating given on Thursday, July 21 by Macquarie Research. The firm earned “Sell” rating on Monday, May 9 by CLSA. As per Friday, April 15, the company rating was downgraded by HSBC. The rating was upgraded by JP Morgan on Tuesday, April 5 to “Overweight”. See POSCO (ADR) (NYSE:PKX) latest ratings:

26/01/2017 Broker: Nomura Old Rating: Neutral New Rating: Buy Upgrade

Victory Capital Management Inc decreased Belden Inc Com (BDC) stake by 9.67% reported in 2016Q4 SEC filing. Victory Capital Management Inc sold 27,185 shares as Belden Inc Com (BDC)’s stock declined 7.26%. The Victory Capital Management Inc holds 254,025 shares with $18.99 million value, down from 281,210 last quarter. Belden Inc Com now has $3.20B valuation. The stock declined 0.10% or $0.08 reaching $76.33 per share. About 73,540 shares traded. Belden Inc. (NYSE:BDC) has risen 12.57% since June 19, 2016 and is uptrending. It has underperformed by 4.13% the S&P500.

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.44, from 1.41 in 2016Q3. It fall, as 24 investors sold BDC shares while 85 reduced holdings. 40 funds opened positions while 66 raised stakes. 41.79 million shares or 3.34% less from 43.23 million shares in 2016Q3 were reported. Invesco Limited reported 0.05% in Belden Inc. (NYSE:BDC). Hexavest Inc, Quebec – Canada-based fund reported 1,400 shares. Channing Cap Mngmt Limited Liability stated it has 956,224 shares or 2.54% of all its holdings. State Treasurer State Of Michigan stated it has 17,000 shares. Voloridge Invest Mgmt Lc has 26,037 shares. 16,484 are owned by Clinton. Mason Street Advsr Limited Liability has invested 0.04% in Belden Inc. (NYSE:BDC). Suffolk Mngmt Limited Liability accumulated 0.23% or 22,316 shares. Shelton Capital Mgmt accumulated 17,982 shares or 0.03% of the stock. Advantus Cap has invested 0.01% in Belden Inc. (NYSE:BDC). New York-based Qs Invsts Limited Company has invested 0% in Belden Inc. (NYSE:BDC). Ameritas Prns, a Nebraska-based fund reported 16,459 shares. Cantab Cap Prns Llp holds 868 shares or 0% of its portfolio. 16,407 are held by Columbus Circle Invsts. Wall Street Associate reported 5,664 shares.

Among 7 analysts covering Belden Inc. (NYSE:BDC), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Belden Inc. had 10 analyst reports since July 24, 2015 according to SRatingsIntel. As per Friday, July 31, the company rating was upgraded by TheStreet. The rating was downgraded by TheStreet on Saturday, September 5 to “Hold”. The company was downgraded on Wednesday, September 7 by Suntrust Robinson. The stock of Belden Inc. (NYSE:BDC) earned “Neutral” rating by JP Morgan on Monday, February 13. On Tuesday, December 8 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Buy” rating given on Monday, April 4 by Stifel Nicolaus.

Since February 15, 2017, it had 0 insider buys, and 1 insider sale for $459,449 activity. Pennycook Glenn had sold 6,306 shares worth $459,449 on Wednesday, February 15.

Analysts await Belden Inc. (NYSE:BDC) to report earnings on July, 18. They expect $1.16 EPS, down 24.68% or $0.38 from last year’s $1.54 per share. BDC’s profit will be $48.63M for 16.45 P/E if the $1.16 EPS becomes a reality. After $0.92 actual EPS reported by Belden Inc. for the previous quarter, Wall Street now forecasts 26.09% EPS growth.

Victory Capital Management Inc increased Motorola Solutions Inc (NYSE:MSI) stake by 681,906 shares to 1.84M valued at $152.25M in 2016Q4. It also upped Hope Bancorp Inc stake by 368,672 shares and now owns 1.45 million shares. Culp Inc (NYSE:CFI) was raised too.

About 62,480 shares traded. POSCO (ADR) (NYSE:PKX) has risen 41.43% since June 19, 2016 and is uptrending. It has outperformed by 24.73% the S&P500.

POSCO is an integrated steel producer. The company has market cap of $21.43 billion. The Firm operates in four divisions: steel, trading, engineering and construction, and others. It has a 12 P/E ratio. The steel segment includes production of steel products and sale of such products.

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