GAMMA Investing LLC Has $61,000 Stock Holdings in POSCO Holdings Inc. (NYSE:PKX)

GAMMA Investing LLC raised its holdings in POSCO Holdings Inc. (NYSE:PKX) by 138.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 871 shares of the basic materials company’s stock after acquiring an additional 505 shares during the quarter. GAMMA Investing LLC’s holdings in POSCO were worth $61,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Altrius Capital Management Inc lifted its stake 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 worth $6,946,000 after buying an additional 15,174 shares during the last quarter. Van ECK Associates Corp lifted its stake 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 buying an additional 6,440 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of POSCO by 917.1% in the first quarter. BNP Paribas Financial Markets now owns 61,565 shares of the basic materials company’s stock worth $4,828,000 after buying an additional 55,512 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of POSCO by 15.6% in the second quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company’s stock worth $2,586,000 after buying an additional 5,295 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of POSCO by 2.3% in the second quarter. Creative Planning now owns 39,316 shares of the basic materials company’s stock worth $2,585,000 after buying an additional 899 shares during the last quarter.

POSCO Price Performance

Shares of POSCO stock opened at $63.69 on Thursday. The firm has a fifty day simple moving average of $65.72 and a 200-day simple moving average of $68.08. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. POSCO Holdings Inc. has a 1-year low of $58.00 and a 1-year high of $98.00. The stock has a market capitalization of $19.33 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 0.55 and a beta of 1.42.

POSCO (NYSE:PKX) last announced its earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. The business had revenue of $13.50 billion for the quarter. On average, sell-side analysts expect that POSCO Holdings Inc. will post 4.7 earnings per share 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.