Altrius Capital Management Inc Buys 15,174 Shares of POSCO Holdings Inc. (NYSE:PKX)

Altrius Capital Management Inc boosted its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 16.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,665 shares of the basic materials company’s stock after acquiring an additional 15,174 shares during the period. POSCO accounts for about 1.8% of Altrius Capital Management Inc’s portfolio, making the stock its 21st biggest position. Altrius Capital Management Inc’s holdings in POSCO were worth $6,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in shares of POSCO by 8.3% in the second quarter. Van ECK Associates Corp now owns 84,420 shares of the basic materials company’s stock worth $5,550,000 after purchasing an additional 6,440 shares during the period. BNP Paribas Financial Markets raised its position in shares of 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 buying an additional 55,512 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of POSCO in the 4th quarter valued at approximately $2,810,000. Gilman Hill Asset Management LLC lifted its holdings in shares of POSCO by 2.2% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 24,399 shares of the basic materials company’s stock worth $1,604,000 after acquiring an additional 535 shares during the period. Finally, Summit Global Investments boosted its position in shares of POSCO by 250.3% during the 2nd quarter. Summit Global Investments now owns 11,193 shares of the basic materials company’s stock worth $736,000 after acquiring an additional 7,998 shares in the last quarter.

POSCO Price Performance

Shares of PKX opened at $69.12 on Thursday. The firm has a 50 day simple moving average of $64.16 and a two-hundred day simple moving average of $69.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. POSCO Holdings Inc. has a one year low of $58.00 and a one year high of $112.81.

POSCO (NYSE:PKX) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.14 EPS for the quarter. POSCO had a return on equity of 2.27% and a net margin of 1.91%. The company had revenue of $13.50 billion during the quarter. On average, equities research analysts anticipate that POSCO Holdings Inc. will post 4.7 EPS for the current year.

POSCO Company 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.