D. E. Shaw & Co. Inc. Grows Stock Position in POSCO Holdings Inc. (NYSE:PKX)

D. E. Shaw & Co. Inc. raised its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 27.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,481 shares of the basic materials company's stock after acquiring an additional 18,746 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in POSCO were worth $3,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its position in shares of POSCO by 4.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company's stock valued at $271,000 after purchasing an additional 249 shares during the period. Ameritas Advisory Services LLC raised its position in shares of POSCO by 13.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company's stock valued at $243,000 after purchasing an additional 645 shares during the period. Parvin Asset Management LLC bought a new stake in shares of POSCO in the fourth quarter valued at approximately $29,000. Avior Wealth Management LLC raised its position in shares of POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock valued at $97,000 after purchasing an additional 735 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of POSCO by 7.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 11,210 shares of the basic materials company's stock valued at $486,000 after purchasing an additional 820 shares during the period.

POSCO Price Performance

POSCO stock traded up $0.02 during midday trading on Friday, reaching $42.77. 174,834 shares of the stock were exchanged, compared to its average volume of 256,699. The company's fifty day moving average is $46.21 and its 200-day moving average is $46.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93. The firm has a market cap of $12.98 billion, a PE ratio of 19.62, a PEG ratio of 2.14 and a beta of 1.36. POSCO Holdings Inc. has a 52 week low of $39.40 and a 52 week high of $74.01.

POSCO (NYSE:PKX - Get Free Report) last posted its earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The firm had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.12 billion. POSCO had a return on equity of 1.87% and a net margin of 1.55%. On average, sell-side analysts forecast that POSCO Holdings Inc. will post 3.74 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.