Two Sigma Investments LP Makes New Investment in POSCO Holdings Inc. (NYSE:PKX)

Two Sigma Investments LP bought a new stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 24,488 shares of the basic materials company's stock, valued at approximately $1,062,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Parvin Asset Management LLC acquired a new position in POSCO in the fourth quarter worth $29,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of POSCO in the 4th quarter worth about $41,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of POSCO by 5,312.5% in 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 period. Graham Capital Management L.P. grew 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. Finally, PDS Planning Inc raised its stake in POSCO by 22.4% during the fourth quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company's stock worth $216,000 after acquiring an additional 911 shares during the period.

POSCO Stock Performance

Shares of NYSE PKX traded up $0.06 during mid-day trading on Friday, hitting $47.74. The company had a trading volume of 107,834 shares, compared to its average volume of 258,768. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.14 and a beta of 1.35. 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. The firm's 50 day simple moving average is $45.09 and its two-hundred day simple moving average is $46.36.

POSCO (NYSE:PKX - Get Free Report) last announced its quarterly 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 the consensus estimate of $12.12 billion. POSCO had a return on equity of 1.87% and a net margin of 1.55%. As a group, equities research analysts forecast that POSCO Holdings Inc. will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised POSCO from a "sell" rating to a "hold" rating in a report 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.