Two Sigma Investments LP Makes New $1.06 Million Investment in POSCO Holdings Inc. (NYSE:PKX)

Two Sigma Investments LP purchased a new position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,488 shares of the basic materials company's stock, valued at approximately $1,062,000.

Several other hedge funds also recently added to or reduced their stakes in PKX. Northern Trust Corp raised its holdings in shares of POSCO by 157.0% in the fourth quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company's stock worth $18,613,000 after buying an additional 262,257 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in POSCO by 19.7% in 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 buying an additional 63,336 shares during the period. American Century Companies Inc. lifted its holdings in POSCO by 8.2% during the 4th quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company's stock valued at $16,017,000 after buying an additional 28,124 shares in the last quarter. BNP Paribas Financial Markets boosted its position in POSCO by 0.5% in the 4th quarter. BNP Paribas Financial Markets now owns 254,219 shares of the basic materials company's stock valued at $11,023,000 after buying an additional 1,165 shares during the period. Finally, Altrius Capital Management Inc grew its stake in POSCO by 25.2% in the 4th quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company's stock worth $6,648,000 after acquiring an additional 30,863 shares in the last quarter.

POSCO Stock Up 1.0%

Shares of PKX stock traded up $0.46 during mid-day trading on Monday, hitting $48.17. The stock had a trading volume of 169,067 shares, compared to its average volume of 259,099. The firm has a market capitalization of $14.62 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35. 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 Holdings Inc. has a 12-month low of $39.40 and a 12-month high of $74.01. The firm's 50-day moving average is $45.09 and its two-hundred day moving average is $46.26.

POSCO (NYSE:PKX - Get Free Report) last posted its 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). POSCO had a net margin of 1.55% and a return on equity of 1.87%. The business had revenue of $12 billion for the quarter, compared to analysts' expectations of $12.12 billion. On average, analysts predict that POSCO Holdings Inc. will post 3.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.