POSCO Holdings Inc. (NYSE:PKX) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 71.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,756 shares of the basic materials company's stock after selling 245,073 shares during the period. Marshall Wace LLP's holdings in POSCO were worth $4,195,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PKX. Bank Julius Baer & Co. Ltd Zurich bought a new stake in POSCO in the 4th quarter worth approximately $41,000. R Squared Ltd purchased a new position in shares of POSCO during the fourth quarter valued at about $46,000. Wilmington Savings Fund Society FSB raised its stake 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 purchasing an additional 2,125 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 735 shares during the last quarter. Finally, PDS Planning Inc increased its position in POSCO by 22.4% during the fourth quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company's stock valued at $216,000 after acquiring an additional 911 shares during the last quarter.

POSCO Stock Performance

NYSE PKX traded up $0.04 on Tuesday, hitting $46.11. 92,588 shares of the company's stock traded hands, compared to its average volume of 247,566. The firm's 50-day moving average price is $47.89 and its two-hundred day moving average price is $48.99. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $13.99 billion, a PE ratio of 21.15, a P/E/G ratio of 2.14 and a beta of 1.33. POSCO Holdings Inc. has a 1-year low of $39.40 and a 1-year high of $75.56.

POSCO (NYSE:PKX - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $12 billion during the quarter, compared to analysts' expectations of $12.12 billion. As a group, analysts expect that POSCO Holdings Inc. will post 3.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of POSCO from a "buy" rating to a "hold" rating in a research report 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.