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

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

A number of other institutional investors have also recently bought and sold shares of the business. Parvin Asset Management LLC purchased a new position in shares of POSCO during the 4th quarter valued at $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of POSCO during the 4th quarter valued at $41,000. R Squared Ltd purchased a new position in shares of POSCO during the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB lifted 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 valued at $94,000 after buying an additional 2,125 shares during the last quarter. Finally, Graham Capital Management L.P. lifted its position in shares of POSCO by 35.7% during the 4th quarter. Graham Capital Management L.P. now owns 4,950 shares of the basic materials company's stock valued at $215,000 after buying an additional 1,302 shares during the last quarter.

Analyst Upgrades and Downgrades

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

POSCO Stock Performance

Shares of NYSE PKX traded up $0.55 during trading on Wednesday, reaching $45.41. 80,727 shares of the stock traded hands, compared to its average volume of 258,587. POSCO Holdings Inc. has a 52-week low of $39.40 and a 52-week 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. The company has a 50-day moving average of $45.08 and a 200-day moving average of $46.43. The stock has a market capitalization of $13.78 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.36.

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

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.