POSCO Holdings Inc. (NYSE:PKX) Stock Holdings Cut by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 71.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,578 shares of the basic materials company's stock after selling 57,582 shares during the quarter. Jane Street Group LLC's holdings in POSCO were worth $979,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in POSCO in the 4th quarter valued at about $29,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of POSCO in the fourth quarter valued at approximately $41,000. R Squared Ltd bought a new stake in shares of POSCO during the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB boosted its position in shares of POSCO by 5,312.5% during the fourth 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 period. Finally, Avior Wealth Management LLC boosted its position in shares of POSCO by 49.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock worth $97,000 after buying an additional 735 shares during the period.

POSCO Stock Performance

Shares of PKX traded up $1.60 during trading hours on Wednesday, reaching $45.61. 233,722 shares of the company's stock traded hands, compared to its average volume of 257,270. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $74.01. The business's fifty day simple moving average is $45.64 and its two-hundred day simple moving average is $46.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 2.14 and a beta of 1.36.

POSCO (NYSE:PKX - Get Free Report) last released 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 net margin of 1.55% and a return on equity of 1.87%. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $12.12 billion. Analysts predict that POSCO Holdings Inc. will post 3.74 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised POSCO from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

About POSCO

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.