Aquatic Capital Management LLC Invests $530,000 in POSCO Holdings Inc. (NYSE:PKX)

Aquatic Capital Management LLC acquired a new position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,222 shares of the basic materials company's stock, valued at approximately $530,000.

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC boosted its position in POSCO by 13.0% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company's stock worth $243,000 after acquiring an additional 645 shares during the last quarter. Ballentine Partners LLC increased its holdings in POSCO by 20.0% during the fourth quarter. Ballentine Partners LLC now owns 8,054 shares of the basic materials company's stock worth $349,000 after buying an additional 1,344 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of POSCO by 4.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company's stock worth $271,000 after purchasing an additional 249 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of POSCO by 49.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock worth $97,000 after acquiring an additional 735 shares during the period. Finally, Blue Trust Inc. lifted its holdings in POSCO by 28.3% during the 4th quarter. Blue Trust Inc. now owns 22,137 shares of the basic materials company's stock worth $960,000 after purchasing an additional 4,887 shares during the last quarter.

POSCO Stock Performance

PKX stock traded up $0.13 during trading hours on Wednesday, hitting $46.53. 123,185 shares of the stock were exchanged, compared to its average volume of 249,343. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $47.70 and a two-hundred day simple moving average of $48.35. POSCO Holdings Inc. has a 12 month low of $39.40 and a 12 month high of $75.30. The firm has a market capitalization of $14.12 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.14 and a beta of 1.36.

POSCO (NYSE:PKX - Get Free Report) last announced its earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The business had revenue of $12 billion for the quarter, compared to analyst estimates of $12.12 billion. POSCO had a return on equity of 1.87% and a net margin of 1.55%. On average, analysts forecast that POSCO Holdings Inc. will post 3.74 earnings per share 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.