POSCO Holdings Inc. (NYSE:PKX) Shares Acquired by D. E. Shaw & Co. Inc.

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC lifted its stake in shares of POSCO by 13.0% in the 4th 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 in the last quarter. Ballentine Partners LLC grew its stake in POSCO by 20.0% during the fourth quarter. Ballentine Partners LLC now owns 8,054 shares of the basic materials company's stock worth $349,000 after buying an additional 1,344 shares during the period. Crossmark Global Holdings Inc. grew its stake in POSCO by 4.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company's stock worth $271,000 after buying an additional 249 shares during the period. Avior Wealth Management LLC increased 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 worth $97,000 after acquiring an additional 735 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of POSCO by 28.3% in the 4th quarter. Blue Trust Inc. now owns 22,137 shares of the basic materials company's stock valued at $960,000 after acquiring an additional 4,887 shares during the period.

POSCO Stock Down 1.4%

Shares of NYSE:PKX traded down $0.59 during mid-day trading on Thursday, hitting $42.71. 161,712 shares of the company traded hands, compared to its average volume of 254,884. The firm's 50 day simple moving average is $46.60 and its 200 day simple moving average is $47.23. The firm has a market cap of $12.96 billion, a P/E ratio of 19.59, a PEG ratio of 2.14 and a beta of 1.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93. 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 quarterly earnings data 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 net margin of 1.55% and a return on equity of 1.87%. The firm had revenue of $12 billion for the quarter, compared to analysts' expectations of $12.12 billion. On average, equities analysts anticipate that POSCO Holdings Inc. will post 3.74 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded POSCO from a "sell" rating to a "hold" rating in a 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.