Vise Technologies Inc. Increases Position in POSCO Holdings Inc. (NYSE:PKX)

Vise Technologies Inc. increased its holdings in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 256.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,012 shares of the basic materials company's stock after purchasing an additional 7,919 shares during the quarter. Vise Technologies Inc.'s holdings in POSCO were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Parvin Asset Management LLC purchased a new position in shares of POSCO during the 4th quarter worth about $29,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in POSCO in the fourth quarter worth about $41,000. R Squared Ltd purchased a new position in POSCO in the fourth quarter worth $46,000. Wilmington Savings Fund Society FSB raised its position in 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 worth $94,000 after buying an additional 2,125 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in POSCO by 49.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock worth $97,000 after purchasing an additional 735 shares during the period.

Analyst Upgrades and Downgrades

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

POSCO Stock Down 1.7%

Shares of POSCO stock traded down $0.78 during trading on Friday, hitting $45.64. 237,683 shares of the stock were exchanged, compared to its average volume of 257,539. The firm's 50-day moving average price is $45.53 and its 200 day moving average price is $46.62. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 2.14 and a beta of 1.36. POSCO Holdings Inc. has a 12-month low of $39.40 and a 12-month high of $74.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35.

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