POSCO Holdings Inc. (NYSE:PKX) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 152.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,250 shares of the basic materials company's stock after buying an additional 10,428 shares during the period. Blue Trust Inc.'s holdings in POSCO were worth $1,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Seven Grand Managers LLC bought a new stake in shares of POSCO in the 3rd quarter worth about $1,750,000. CWM LLC increased its position in shares of POSCO by 22.9% in the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company's stock worth $132,000 after purchasing an additional 373 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of POSCO in the 1st quarter worth about $27,000. Ballentine Partners LLC increased its position in shares of POSCO by 13.8% in the 1st quarter. Ballentine Partners LLC now owns 5,261 shares of the basic materials company's stock worth $413,000 after purchasing an additional 636 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of POSCO by 138.0% in the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company's stock worth $61,000 after purchasing an additional 505 shares during the last quarter.

POSCO Stock Performance

Shares of NYSE PKX traded down $1.15 during midday trading on Monday, hitting $61.92. The company's stock had a trading volume of 58,737 shares, compared to its average volume of 132,560. POSCO Holdings Inc. has a 1-year low of $58.00 and a 1-year high of $98.00. The firm's fifty day moving average price is $65.85 and its 200-day moving average price is $67.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The firm has a market cap of $18.79 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.50 and a beta of 1.42.

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 business had revenue of $13.50 billion during the quarter. On average, sell-side analysts forecast that POSCO Holdings Inc. will post 4.99 EPS for the current fiscal year.

POSCO 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.