Seven Grand Managers LLC Takes $1.75 Million Position in POSCO Holdings Inc. (NYSE:PKX)

Seven Grand Managers LLC acquired a new position in shares of POSCO Holdings Inc. (NYSE:PKX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the basic materials company’s stock, valued at approximately $1,750,000.

Other large investors have also added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of POSCO by 36.8% in the third quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock worth $3,766,000 after buying an additional 14,485 shares in the last quarter. CWM LLC lifted its stake in POSCO by 16.3% in the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 327 shares in the last quarter. GAMMA Investing LLC boosted its holdings in POSCO by 138.0% in the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 505 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of POSCO by 43,007.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,035 shares of the basic materials company’s stock valued at $397,000 after purchasing an additional 6,021 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of POSCO by 15.6% in the second quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company’s stock worth $2,586,000 after purchasing an additional 5,295 shares during the period.

POSCO Trading Up 0.6 %

Shares of PKX stock opened at $63.69 on Thursday. POSCO Holdings Inc. has a 52-week low of $58.00 and a 52-week high of $98.00. The business’s fifty day moving average is $65.72 and its 200 day moving average is $68.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The company has a market capitalization of $19.33 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 0.55 and a beta of 1.42.

POSCO (NYSE:PKX) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. The firm had revenue of $13.50 billion during the quarter. POSCO had a return on equity of 2.27% and a net margin of 1.91%. On average, equities research analysts anticipate that POSCO Holdings Inc. will post 4.7 EPS for the current fiscal year.

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.