7,277 Shares in POSCO Holdings Inc. (NYSE:PKX) Purchased by Tidal Investments LLC

Tidal Investments LLC bought a new stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,277 shares of the basic materials company's stock, valued at approximately $316,000.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of POSCO during the 4th quarter worth about $46,000. Wilmington Savings Fund Society FSB raised its position in shares of 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 purchasing an additional 2,125 shares during the last quarter. Van ECK Associates Corp lifted its stake in POSCO by 32.5% in 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 buying an additional 24,767 shares in the last quarter. Rhumbline Advisers boosted its holdings in POSCO by 5.4% in the 4th quarter. Rhumbline Advisers now owns 42,462 shares of the basic materials company's stock worth $1,841,000 after buying an additional 2,168 shares during the last quarter. Finally, Altrius Capital Management Inc increased 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 worth $6,648,000 after buying an additional 30,863 shares in the last quarter.

POSCO Price Performance

PKX traded up $0.52 on Wednesday, reaching $45.38. 16,217 shares of the company's stock were exchanged, compared to its average volume of 257,684. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $74.01. The stock has a market cap of $13.77 billion, a PE ratio of 20.82, a P/E/G ratio of 2.14 and a beta of 1.36. 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 stock's fifty day moving average price is $45.15 and its 200-day moving average price is $46.43.

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

Analyst Ratings Changes

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

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.