Blue Trust Inc. Increases Stock Position in POSCO Holdings Inc. (NYSE:PKX)

Blue Trust Inc. lifted its holdings in POSCO Holdings Inc. (NYSE:PKX) by 28.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,137 shares of the basic materials company’s stock after acquiring an additional 4,887 shares during the quarter. Blue Trust Inc.’s holdings in POSCO were worth $960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC lifted its position in POSCO by 2,229.6% during the third quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock valued at $5,610,000 after acquiring an additional 76,719 shares during the last quarter. Athos Capital Ltd purchased a new stake in POSCO during the third quarter valued at approximately $11,373,000. Janus Henderson Group PLC purchased a new stake in POSCO during the third quarter valued at approximately $3,497,000. Seven Grand Managers LLC purchased a new stake in POSCO during the third quarter valued at approximately $1,750,000. Finally, Creative Planning lifted its position in POSCO by 36.8% during the third quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock valued at $3,766,000 after acquiring an additional 14,485 shares during the last quarter.

POSCO Trading Down 0.8 %

Shares of POSCO stock opened at $44.78 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. POSCO Holdings Inc. has a 12-month low of $42.35 and a 12-month high of $86.52. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.40 and a beta of 1.40. The firm’s 50 day simple moving average is $46.82 and its two-hundred day simple moving average is $57.82.

POSCO (NYSE:PKX) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter. POSCO had a net margin of 1.78% and a return on equity of 2.15%. The business had revenue of $13.53 billion for the quarter. Analysts predict that POSCO Holdings Inc. will post 4.25 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of POSCO from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd.

About POSCO

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.