Dimensional Fund Advisors LP Trims Position in POSCO Holdings Inc. (NYSE:PKX)

Dimensional Fund Advisors LP reduced its holdings in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 approximately 0.38% of POSCO worth $50,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PKX. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of POSCO by 19.7% during the 4th 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 during the last quarter. Ovata Capital Management Ltd acquired a new position in POSCO during the fourth quarter worth approximately $4,791,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in POSCO by 34.9% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,319 shares of the basic materials company's stock worth $1,792,000 after purchasing an additional 10,696 shares during the period. American Century Companies Inc. boosted its holdings in shares of POSCO by 8.2% in the 4th quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company's stock valued at $16,017,000 after purchasing an additional 28,124 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of POSCO during the 4th quarter valued at $1,783,000.

POSCO Trading Up 2.1 %

Shares of PKX opened at $46.22 on Friday. The stock's fifty day simple moving average is $47.76 and its 200 day simple moving average is $48.68. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $75.56. 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 firm has a market capitalization 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.

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

POSCO 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.

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