LPL Financial LLC Grows Stake in POSCO Holdings Inc. (NYSE:PKX)

LPL Financial LLC boosted its stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 145.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,904 shares of the basic materials company's stock after buying an additional 5,874 shares during the period. LPL Financial LLC's holdings in POSCO were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PKX. Bank Julius Baer & Co. Ltd Zurich bought a new position in POSCO in the fourth quarter worth approximately $41,000. R Squared Ltd bought a new position in shares of POSCO in the fourth quarter worth approximately $46,000. Wilmington Savings Fund Society FSB increased its stake in shares of POSCO by 5,312.5% in the fourth 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 in the last quarter. Avior Wealth Management LLC raised its position in shares of POSCO by 49.2% during 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 period. Finally, PDS Planning Inc lifted its stake in shares of POSCO by 22.4% during 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 in the last quarter.

POSCO Price Performance

PKX stock traded up $0.40 during midday trading on Thursday, hitting $45.93. The company's stock had a trading volume of 22,348 shares, compared to its average volume of 346,301. 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 company has a 50 day moving average of $47.85 and a two-hundred day moving average of $48.94. POSCO Holdings Inc. has a 12 month low of $39.40 and a 12 month high of $75.56. The firm has a market capitalization 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 1.33.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded POSCO from a "buy" rating to a "hold" rating in a research report on Thursday, January 2nd.

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.