Signaturefd LLC Reduces Stock Position in POSCO Holdings Inc. (NYSE:PKX)

Signaturefd LLC decreased its position in POSCO Holdings Inc. (NYSE:PKX) by 2.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 23,076 shares of the basic materials company’s stock after selling 544 shares during the period. Signaturefd LLC’s holdings in POSCO were worth $1,615,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altrius Capital Management Inc raised its position in shares of POSCO by 16.8% in the second quarter. Altrius Capital Management Inc now owns 105,665 shares of the basic materials company’s stock valued at $6,946,000 after buying an additional 15,174 shares during the last quarter. Van ECK Associates Corp grew its stake in POSCO by 8.3% in the 2nd quarter. Van ECK Associates Corp now owns 84,420 shares of the basic materials company’s stock worth $5,550,000 after acquiring an additional 6,440 shares during the period. BNP Paribas Financial Markets raised its holdings in POSCO by 917.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,565 shares of the basic materials company’s stock valued at $4,828,000 after acquiring an additional 55,512 shares during the last quarter. Creative Planning lifted its stake in shares of POSCO by 36.8% during the 3rd quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock worth $3,766,000 after purchasing an additional 14,485 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of POSCO by 15.6% during the second quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company’s stock worth $2,586,000 after purchasing an additional 5,295 shares during the last quarter.

POSCO Price Performance

Shares of NYSE:PKX opened at $60.39 on Wednesday. The business has a fifty day simple moving average of $65.90 and a 200-day simple moving average of $67.67. POSCO Holdings Inc. has a 52 week low of $58.00 and a 52 week high of $98.00. The company has a market cap of $18.33 billion, a P/E ratio of 18.75, a P/E/G ratio of 0.48 and a beta of 1.42. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.

POSCO (NYSE:PKX) last posted its quarterly earnings data 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 during the quarter. Equities research analysts forecast that POSCO Holdings Inc. will post 4.99 EPS for the current year.

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.