POSCO Holdings Inc. (NYSE:PKX) Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. raised its holdings in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 256.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,012 shares of the basic materials company's stock after purchasing an additional 7,919 shares during the period. Vise Technologies Inc.'s holdings in POSCO were worth $477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp lifted its position in shares of POSCO by 157.0% during the 4th quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company's stock valued at $18,613,000 after buying an additional 262,257 shares in the last quarter. Ovata Capital Management Ltd purchased a new position in POSCO during the fourth quarter valued at $4,791,000. Cubist Systematic Strategies LLC acquired a new stake in shares of POSCO in the fourth quarter valued at about $3,801,000. Voloridge Investment Management LLC acquired a new position in shares of POSCO during the 4th quarter worth about $3,516,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of POSCO by 19.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company's stock worth $16,672,000 after purchasing an additional 63,336 shares during the last quarter.

Analyst Upgrades and Downgrades

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

POSCO Price Performance

NYSE:PKX traded down $0.78 during trading hours on Friday, hitting $45.64. 237,691 shares of the stock were exchanged, compared to its average volume of 258,773. POSCO Holdings Inc. has a 52-week low of $39.40 and a 52-week high of $74.01. The firm's fifty day moving average price is $45.41 and its 200 day moving average price is $46.52. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $13.85 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.14 and a beta of 1.36.

POSCO (NYSE:PKX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 1.87% and a net margin of 1.55%. The firm had revenue of $12 billion for the quarter, compared to analysts' expectations of $12.12 billion. As a group, equities research analysts anticipate that POSCO Holdings Inc. will post 3.74 EPS 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.