POSCO Holdings Inc. (NYSE:PKX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,163,377 shares of the basic materials company's stock after selling 38,766 shares during the quarter. Dimensional Fund Advisors LP owned 0.38% of POSCO worth $50,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of POSCO during the fourth quarter valued at $41,000. R Squared Ltd purchased a new stake in shares of POSCO during the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB raised its position in shares of 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 valued at $94,000 after buying an additional 2,125 shares during the last quarter. Avior Wealth Management LLC lifted its stake 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 valued at $97,000 after buying an additional 735 shares during the period. Finally, PDS Planning Inc boosted its position in POSCO by 22.4% during the fourth quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company's stock worth $216,000 after acquiring an additional 911 shares during the last quarter.

POSCO Trading Down 0.2 %

PKX stock traded down $0.07 during midday trading on Thursday, hitting $46.45. The stock had a trading volume of 13,833 shares, compared to its average volume of 249,739. POSCO Holdings Inc. has a 12-month low of $39.40 and a 12-month high of $75.30. The firm has a market cap of $14.10 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.14 and a beta of 1.36. The company's 50-day moving average price is $47.70 and its 200 day moving average price is $48.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35.

POSCO (NYSE:PKX - Get Free Report) last announced its quarterly earnings data 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). POSCO had a net margin of 1.55% and a return on equity of 1.87%. The business had revenue of $12 billion during the quarter, compared to analysts' expectations of $12.12 billion. On average, equities research analysts predict that POSCO Holdings Inc. will post 3.74 earnings per share for the current fiscal year.

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.