Cubist Systematic Strategies LLC acquired a new stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 87,654 shares of the basic materials company's stock, valued at approximately $3,801,000.
Other hedge funds have also recently made changes to their positions in the company. Parvin Asset Management LLC acquired a new stake in POSCO in the fourth quarter worth $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of POSCO in the fourth quarter valued at about $41,000. R Squared Ltd purchased a new position in shares of POSCO in the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB raised its stake in shares of POSCO by 5,312.5% during the 4th 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 increased its holdings in POSCO by 49.2% in the 4th 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 last quarter.
POSCO Stock Performance
Shares of NYSE PKX traded down $1.09 during mid-day trading on Tuesday, hitting $45.93. The company had a trading volume of 202,852 shares, compared to its average volume of 251,724. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.14 and a beta of 1.36. POSCO Holdings Inc. has a 1 year low of $39.40 and a 1 year high of $75.30. The stock's 50-day moving average price is $47.69 and its 200-day moving average price is $47.86. 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 (NYSE:PKX - Get Free Report) last announced its quarterly 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 company 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%. On average, sell-side analysts forecast that POSCO Holdings Inc. will post 3.74 earnings per share for the current 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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