GAMMA Investing LLC Increases Stock Position in POSCO Holdings Inc. (NYSE:PKX)

GAMMA Investing LLC raised its holdings in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 20,297.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,286 shares of the basic materials company's stock after purchasing an additional 75,912 shares during the quarter. GAMMA Investing LLC's holdings in POSCO were worth $3,626,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB grew its position in shares of POSCO by 5,312.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company's stock worth $94,000 after buying an additional 2,125 shares during the last quarter. Van ECK Associates Corp lifted its stake in POSCO by 32.5% during the 4th quarter. Van ECK Associates Corp now owns 100,956 shares of the basic materials company's stock valued at $4,377,000 after acquiring an additional 24,767 shares during the period. Rhumbline Advisers lifted its stake in POSCO by 5.4% during the 4th quarter. Rhumbline Advisers now owns 42,462 shares of the basic materials company's stock valued at $1,841,000 after acquiring an additional 2,168 shares during the period. Altrius Capital Management Inc lifted its stake in POSCO by 25.2% during the 4th quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company's stock valued at $6,648,000 after acquiring an additional 30,863 shares during the period. Finally, US Bancorp DE lifted its stake in shares of POSCO by 10.4% in the 4th quarter. US Bancorp DE now owns 10,132 shares of the basic materials company's stock valued at $439,000 after purchasing an additional 952 shares during the period.

POSCO Price Performance

Shares of POSCO stock traded down $0.65 during trading hours on Friday, reaching $48.42. 100,937 shares of the company's stock were exchanged, compared to its average volume of 259,668. POSCO Holdings Inc. has a 1 year low of $39.40 and a 1 year high of $74.01. The company has a market capitalization of $14.70 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.14 and a beta of 1.36. The business has a fifty day moving average of $45.52 and a two-hundred day moving average of $46.18. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

POSCO (NYSE:PKX - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $12.12 billion. As a group, research analysts predict that POSCO Holdings Inc. will post 3.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of POSCO from a "hold" rating to a "sell" rating in a research note on Saturday.

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.