Aquatic Capital Management LLC bought a new stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,222 shares of the basic materials company's stock, valued at approximately $530,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Ovata Capital Management Ltd bought a new position in POSCO during the 4th quarter valued at approximately $4,791,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of POSCO by 19.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company's stock valued at $16,672,000 after acquiring an additional 63,336 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of POSCO in the 4th quarter worth about $1,783,000. Walleye Capital LLC bought a new position in POSCO in the 4th quarter worth about $1,728,000. Finally, Altrius Capital Management Inc grew its position in POSCO by 25.2% during the 4th quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company's stock valued at $6,648,000 after purchasing an additional 30,863 shares during the last quarter.
POSCO Stock Up 2.1 %
Shares of NYSE:PKX traded up $0.95 during trading on Friday, reaching $46.22. 224,986 shares of the stock traded hands, compared to its average volume of 249,921. POSCO Holdings Inc. has a 52-week low of $39.40 and a 52-week high of $75.56. The stock has a market cap of $14.03 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33. The stock has a 50-day moving average of $47.76 and a two-hundred day moving average of $48.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93.
POSCO (NYSE:PKX - Get Free Report) last posted its earnings results on Thursday, April 24th. The basic materials company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The business had revenue of $12 billion during the quarter, compared to the consensus estimate of $12.12 billion. POSCO had a return on equity of 1.87% and a net margin of 1.55%. As a group, sell-side analysts expect that POSCO Holdings Inc. will post 3.74 earnings per share for the current fiscal year.
POSCO Company Profile
(
Free Report)
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.
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