Frank Rimerman Advisors LLC Makes New Investment in POSCO Holdings Inc. (NYSE:PKX)

Frank Rimerman Advisors LLC bought a new stake in POSCO Holdings Inc. (NYSE:PKX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,420 shares of the basic materials company’s stock, valued at approximately $1,540,000.

Several other institutional investors and hedge funds have also bought and sold shares of PKX. Nomura Holdings Inc. acquired a new position in shares of POSCO during the 4th quarter worth approximately $2,810,000. CWM LLC raised its position in POSCO by 22.9% during the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 373 shares in the last quarter. Headlands Technologies LLC acquired a new stake in POSCO in the first quarter valued at $27,000. Ballentine Partners LLC grew 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 valued at $413,000 after acquiring an additional 636 shares during the period. Finally, US Bancorp DE increased its stake in shares of POSCO by 1.4% during the 4th quarter. US Bancorp DE now owns 10,700 shares of the basic materials company’s stock worth $1,018,000 after purchasing an additional 149 shares during the last quarter.

POSCO Trading Down 1.7 %

Shares of NYSE:PKX opened at $69.10 on Monday. POSCO Holdings Inc. has a 52-week low of $58.00 and a 52-week high of $107.92. 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 company has a market capitalization of $20.97 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 0.55 and a beta of 1.42. The company has a 50-day simple moving average of $64.10 and a 200 day simple moving average of $69.58.

POSCO (NYSE:PKX) last issued its 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. Sell-side analysts forecast that POSCO Holdings Inc. will post 4.7 earnings per share 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.