17,757 Shares in POSCO Holdings Inc. (NYSE:PKX) Bought by Deutsche Bank AG

Deutsche Bank AG bought a new position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,757 shares of the basic materials company's stock, valued at approximately $770,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $16,672,000 after acquiring an additional 63,336 shares in the last quarter. Ovata Capital Management Ltd acquired a new stake in POSCO in the fourth quarter valued at approximately $4,791,000. Northern Trust Corp boosted its position 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 buying an additional 262,257 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in POSCO by 34.9% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,319 shares of the basic materials company's stock valued at $1,792,000 after buying an additional 10,696 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in POSCO by 8.2% in the fourth 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.

Wall Street Analyst Weigh In

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

POSCO Price Performance

POSCO stock traded down $0.78 during mid-day trading on Friday, reaching $45.64. The company had a trading volume of 237,691 shares, compared to its average volume of 258,773. POSCO Holdings Inc. has a fifty-two week low of $39.40 and a fifty-two week high of $74.01. 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 company has a market cap of $13.85 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.14 and a beta of 1.36. The business has a fifty day simple moving average of $45.41 and a 200 day simple moving average of $46.48.

POSCO (NYSE:PKX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). The business had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.12 billion. POSCO had a net margin of 1.55% and a return on equity of 1.87%. On average, equities research analysts predict 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.