BNP Paribas Financial Markets Acquires 1,165 Shares of POSCO Holdings Inc. (NYSE:PKX)

BNP Paribas Financial Markets increased its stake in POSCO Holdings Inc. (NYSE:PKX) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,219 shares of the basic materials company’s stock after acquiring an additional 1,165 shares during the quarter. BNP Paribas Financial Markets’ holdings in POSCO were worth $11,023,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC bought a new stake in POSCO in the fourth quarter valued at $29,000. Northern Trust Corp grew its stake in shares of POSCO by 157.0% in the 4th quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company’s stock valued at $18,613,000 after buying an additional 262,257 shares during the period. Aquatic Capital Management LLC bought a new stake in POSCO in the 4th quarter valued at about $530,000. Stifel Financial Corp raised its stake in POSCO by 10.1% during the 4th quarter. Stifel Financial Corp now owns 28,967 shares of the basic materials company’s stock worth $1,256,000 after buying an additional 2,659 shares during the period. Finally, First Trust Advisors LP bought a new position in POSCO in the fourth quarter worth approximately $433,000.

POSCO Trading Down 0.3 %

NYSE PKX opened at $46.27 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. POSCO Holdings Inc. has a 52 week low of $39.40 and a 52 week high of $75.30. The business has a 50 day moving average price of $47.73 and a 200-day moving average price of $48.04. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 2.14 and a beta of 1.36.

POSCO (NYSE:PKX) last released its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). The business had revenue of $12 billion for the quarter, compared to analyst estimates of $12.12 billion. POSCO had a return on equity of 1.87% and a net margin of 1.55%. As a group, equities analysts expect that POSCO Holdings Inc. will post 3.74 earnings per share 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.