Posted by admin on Jul 26th, 2022
National Asset Management Inc. grew its holdings in POSCO Holdings Inc. (NYSE:PKX – Get Rating) by 6.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,873 shares of the basic materials company’s stock after buying an additional 899 shares during the period. National Asset Management Inc.’s holdings in POSCO were worth $824,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the company. Clark Capital Management Group Inc. boosted its stake in shares of POSCO by 69.9% during the 4th quarter. Clark Capital Management Group Inc. now owns 753,482 shares of the basic materials company’s stock worth $43,920,000 after purchasing an additional 310,100 shares during the period. Causeway Capital Management LLC boosted its stake in shares of POSCO by 0.5% during the 4th quarter. Causeway Capital Management LLC now owns 178,249 shares of the basic materials company’s stock worth $10,390,000 after purchasing an additional 931 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of POSCO during the 4th quarter worth about $3,744,000. Natixis Advisors L.P. boosted its stake in shares of POSCO by 3.0% during the 4th quarter. Natixis Advisors L.P. now owns 63,780 shares of the basic materials company’s stock worth $3,718,000 after purchasing an additional 1,882 shares during the period. Finally, Pacer Advisors Inc. boosted its position in POSCO by 58.9% in the 1st quarter. Pacer Advisors Inc. now owns 45,637 shares of the basic materials company’s stock valued at $2,705,000 after buying an additional 16,908 shares during the period.
NYSE:PKX opened at $45.01 on Tuesday. The company has a fifty day moving average of $50.11 and a two-hundred day moving average of $55.37. The stock has a market capitalization of $15.70 billion, a PE ratio of 2.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 2.16. POSCO Holdings Inc. has a fifty-two week low of $41.40 and a fifty-two week high of $80.02.
POSCO (NYSE:PKX – Get Rating) last released its quarterly earnings data on Friday, June 17th. The basic materials company reported $4.49 earnings per share (EPS) for the quarter. The firm had revenue of $17.71 billion during the quarter. POSCO had a net margin of 9.00% and a return on equity of 13.46%.
PKX has been the subject of several recent research reports. TheStreet lowered shares of POSCO from a “b-” rating to a “c+” rating in a report on Monday, July 11th. StockNews.com initiated coverage on shares of POSCO in a research note on Thursday, March 31st. They set a “buy” rating on the stock.
POSCO Holdings Inc, together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized sheets, electrical steel, stainless steel, and titanium.
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