Marshall Wace LLP Sells 245,073 Shares of POSCO Holdings Inc. (NYSE:PKX)

Marshall Wace LLP reduced its holdings in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 71.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 96,756 shares of the basic materials company's stock after selling 245,073 shares during the quarter. Marshall Wace LLP's holdings in POSCO were worth $4,195,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of POSCO in the 4th quarter valued at about $41,000. R Squared Ltd bought a new position in POSCO during the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB boosted its stake 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 purchasing an additional 2,125 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock valued at $97,000 after buying an additional 735 shares during the period. Finally, PDS Planning Inc grew its holdings in POSCO by 22.4% during the 4th 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 Down 1.5 %

NYSE:PKX traded down $0.69 during trading hours on Wednesday, reaching $45.47. The company had a trading volume of 109,667 shares, compared to its average volume of 248,276. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $75.56. 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 $13.80 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.14 and a beta of 1.33. The business's 50-day simple moving average is $47.85 and its two-hundred day simple moving average is $48.94.

POSCO (NYSE:PKX - Get Free Report) last issued its 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 firm had revenue of $12 billion during the quarter, compared to analyst estimates of $12.12 billion. On average, equities analysts expect that POSCO Holdings Inc. will post 3.74 earnings per share for the current year.

Analyst Ratings Changes

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

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.