Balyasny Asset Management L.P. Acquires New Holdings in POSCO Holdings Inc. (NYSE:PKX)

Balyasny Asset Management L.P. purchased a new stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 21,893 shares of the basic materials company's stock, valued at approximately $949,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC purchased a new position in shares of POSCO during the fourth quarter valued at about $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in POSCO in the fourth quarter worth about $41,000. R Squared Ltd purchased a new stake in POSCO in the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB grew its holdings in POSCO by 5,312.5% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company's stock worth $94,000 after purchasing an additional 2,125 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock worth $97,000 after purchasing an additional 735 shares during the period.

POSCO Stock Down 1.2%

PKX traded down $0.52 during midday trading on Friday, reaching $44.30. The company's stock had a trading volume of 142,966 shares, compared to its average volume of 254,878. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.14 and a beta of 1.36. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. POSCO Holdings Inc. has a 1 year low of $39.40 and a 1 year high of $74.33. The stock's 50-day moving average is $47.15 and its 200-day moving average is $47.48.

POSCO (NYSE:PKX - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.64 earnings per share 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 analysts' expectations of $12.12 billion. POSCO had a return on equity of 1.87% and a net margin of 1.55%. As a group, research analysts expect that POSCO Holdings Inc. will post 3.74 EPS for the current 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.