Bank of America Corp DE Has $2.04 Million Position in POSCO Holdings Inc. (NYSE:PKX)

Bank of America Corp DE decreased its stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 62.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,003 shares of the basic materials company's stock after selling 77,393 shares during the period. Bank of America Corp DE's holdings in POSCO were worth $2,038,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new position in POSCO during the 4th quarter valued at about $29,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of POSCO during the 4th quarter valued at about $41,000. R Squared Ltd bought a new position in shares of POSCO during the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB boosted its position 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 valued at $94,000 after purchasing an additional 2,125 shares in the last quarter. Finally, PDS Planning Inc boosted its holdings in shares of POSCO by 22.4% in the fourth quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company's stock worth $216,000 after buying an additional 911 shares during the period.

Analysts Set New Price Targets

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

POSCO Trading Up 1.2%

Shares of PKX traded up $0.55 during midday trading on Wednesday, hitting $45.41. The stock had a trading volume of 80,727 shares, compared to its average volume of 257,915. POSCO Holdings Inc. has a fifty-two week low of $39.40 and a fifty-two week high of $74.01. The business has a 50-day simple moving average of $45.15 and a two-hundred day simple moving average of $46.43. The firm has a market cap of $13.78 billion, a P/E ratio of 20.83, 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 announced its earnings results on Thursday, April 24th. The basic materials company reported $0.64 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $12.12 billion. As a group, equities analysts forecast that POSCO Holdings Inc. will post 3.74 EPS for the current 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.