First Trust Advisors LP Takes Position in POSCO Holdings Inc. (NYSE:PKX)

First Trust Advisors LP bought a new position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,996 shares of the basic materials company's stock, valued at approximately $433,000.

Several other large investors also recently made changes to their positions in PKX. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of POSCO during the fourth quarter worth $41,000. R Squared Ltd bought a new stake in POSCO during the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB raised its position in POSCO by 5,312.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company's stock valued at $94,000 after acquiring an additional 2,125 shares in the last quarter. Avior Wealth Management LLC raised its stake in POSCO by 49.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock valued at $97,000 after purchasing an additional 735 shares during the last quarter. Finally, PDS Planning Inc raised its holdings in POSCO by 22.4% in the 4th quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company's stock valued at $216,000 after buying an additional 911 shares during the period.

POSCO Stock Performance

Shares of NYSE PKX traded down $1.09 during mid-day trading on Tuesday, hitting $45.93. 202,852 shares of the company were exchanged, compared to its average volume of 251,187. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.36. The stock has a 50 day simple moving average of $47.69 and a 200-day simple moving average of $47.86. POSCO Holdings Inc. has a 1-year low of $39.40 and a 1-year high of $75.30.

POSCO (NYSE:PKX - Get Free Report) last announced its quarterly earnings results 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 net margin of 1.55% and a return on equity of 1.87%. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $12.12 billion. On average, sell-side analysts forecast that POSCO Holdings Inc. will post 3.74 EPS for the current fiscal year.

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.