Walleye Capital LLC Acquires Shares of 39,856 POSCO Holdings Inc. (NYSE:PKX)

Walleye Capital LLC bought a new stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 39,856 shares of the basic materials company's stock, valued at approximately $1,728,000.

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

Wall Street Analyst Weigh In

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

POSCO Price Performance

NYSE PKX traded down $0.28 during trading hours on Friday, reaching $45.63. The company's stock had a trading volume of 48,487 shares, compared to its average volume of 246,232. 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 1-year low of $39.40 and a 1-year high of $75.56. The company's 50-day moving average is $47.81 and its two-hundred day moving average is $49.56. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 2.14 and a beta of 1.33.

POSCO (NYSE:PKX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.64 earnings per share (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 analysts' expectations of $12.12 billion. On average, equities analysts predict that POSCO Holdings Inc. will post 3.74 EPS for the current 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.