Seven Grand Managers LLC bought a new position in POSCO Holdings Inc. (NYSE:PKX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,000 shares of the basic materials company's stock, valued at approximately $1,750,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in shares of POSCO in the 1st quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in shares of POSCO by 50.7% in the 1st quarter. GAMMA Investing LLC now owns 419 shares of the basic materials company's stock worth $33,000 after purchasing an additional 141 shares during the period. Advisors Preferred LLC bought a new stake in shares of POSCO in the 1st quarter worth approximately $107,000. CWM LLC raised its holdings in shares of POSCO by 25.4% in the 1st quarter. CWM LLC now owns 1,631 shares of the basic materials company's stock worth $128,000 after purchasing an additional 330 shares during the period. Finally, Choreo LLC bought a new stake in shares of POSCO in the 2nd quarter worth approximately $221,000.
POSCO Stock Performance
Shares of NYSE:PKX traded down $1.36 during mid-day trading on Thursday, reaching $62.33. The company had a trading volume of 822,668 shares, compared to its average volume of 131,662. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The firm has a market cap of $18.92 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.55 and a beta of 1.42. The company's 50-day moving average price is $65.78 and its 200-day moving average price is $68.04. POSCO Holdings Inc. has a one year low of $58.00 and a one year high of $98.00.
POSCO (NYSE:PKX - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.14 EPS for the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. The company had revenue of $13.50 billion for the quarter. As a group, equities research analysts anticipate that POSCO Holdings Inc. will post 4.7 EPS for the current fiscal year.
About POSCO
(
Free Report)
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.
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