POSCO Holdings Inc. (NYSE:PKX) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 157.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 429,264 shares of the basic materials company's stock after buying an additional 262,257 shares during the quarter. Northern Trust Corp owned approximately 0.14% of POSCO worth $18,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in POSCO in the 4th quarter valued at about $530,000. Stifel Financial Corp raised its stake in POSCO by 10.1% in the 4th quarter. Stifel Financial Corp now owns 28,967 shares of the basic materials company's stock valued at $1,256,000 after purchasing an additional 2,659 shares during the last quarter. First Trust Advisors LP acquired a new position in POSCO in the 4th quarter valued at about $433,000. Walleye Capital LLC acquired a new position in POSCO in the 4th quarter valued at about $1,728,000. Finally, Bank of Montreal Can raised its stake in POSCO by 21.9% in the 4th quarter. Bank of Montreal Can now owns 20,481 shares of the basic materials company's stock valued at $888,000 after purchasing an additional 3,679 shares during the last quarter.

POSCO Price Performance

PKX stock traded up $0.36 during trading on Monday, hitting $44.70. The stock had a trading volume of 136,148 shares, compared to its average volume of 254,403. The company's 50 day moving average price is $46.98 and its two-hundred day moving average price is $47.28. POSCO Holdings Inc. has a 1-year low of $39.40 and a 1-year high of $74.33. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93.

POSCO (NYSE:PKX - Get Free Report) last announced its earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share 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, sell-side analysts forecast that POSCO Holdings Inc. will post 3.74 EPS for the current fiscal year.

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.