Deutsche Bank AG Acquires Shares of 17,757 POSCO Holdings Inc. (NYSE:PKX)

Deutsche Bank AG acquired a new stake 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 firm acquired 17,757 shares of the basic materials company's stock, valued at approximately $770,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp increased its stake in POSCO by 157.0% in the fourth quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company's stock valued at $18,613,000 after acquiring an additional 262,257 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position 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 purchasing an additional 63,336 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of POSCO by 8.2% during 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 buying an additional 28,124 shares in the last quarter. BNP Paribas Financial Markets lifted its position in POSCO by 0.5% in the 4th quarter. BNP Paribas Financial Markets now owns 254,219 shares of the basic materials company's stock worth $11,023,000 after buying an additional 1,165 shares during the last quarter. Finally, Altrius Capital Management Inc boosted its stake in POSCO by 25.2% in the fourth quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company's stock worth $6,648,000 after buying an additional 30,863 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of POSCO from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

POSCO Trading Down 1.7%

Shares of NYSE:PKX traded down $0.78 on Friday, reaching $45.64. 237,691 shares of the company traded hands, compared to its average volume of 257,541. The business's 50-day simple moving average is $45.53 and its 200 day simple moving average is $46.62. POSCO Holdings Inc. has a 52 week low of $39.40 and a 52 week high of $74.01. The stock has a market capitalization of $13.85 billion, a P/E ratio of 20.94, a price-to-earnings-growth 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 (NYSE:PKX - Get Free Report) last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). POSCO had a net margin of 1.55% and a return on equity of 1.87%. The company had revenue of $12 billion for the quarter, compared to analysts' expectations of $12.12 billion. As a group, equities analysts anticipate that POSCO Holdings Inc. will post 3.74 EPS 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.