POSCO Holdings Inc. (NYSE:PKX) Shares Bought by Creative Planning

Creative Planning increased its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 36.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,801 shares of the basic materials company’s stock after acquiring an additional 14,485 shares during the period. Creative Planning’s holdings in POSCO were worth $3,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PKX. Headlands Technologies LLC purchased a new position in POSCO during the 1st quarter worth approximately $27,000. GAMMA Investing LLC lifted its holdings in shares of POSCO by 138.0% during the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 505 shares during the period. Advisors Preferred LLC acquired a new stake in shares of POSCO in the 1st quarter worth $107,000. CWM LLC increased its position in POSCO by 22.9% during the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 373 shares during the period. Finally, Choreo LLC acquired a new stake in shares of POSCO in the second quarter valued at about $221,000.

POSCO Stock Performance

Shares of NYSE:PKX opened at $60.02 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. POSCO Holdings Inc. has a 12 month low of $58.00 and a 12 month high of $98.00. The business has a 50-day moving average of $65.89 and a two-hundred day moving average of $67.58. The firm has a market capitalization of $18.22 billion, a PE ratio of 18.64, a P/E/G ratio of 0.46 and a beta of 1.42.

POSCO (NYSE:PKX) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share for the quarter. The business had revenue of $13.50 billion during the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. As a group, research analysts forecast that POSCO Holdings Inc. will post 4.99 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of POSCO from a “hold” rating to a “buy” rating in a research report on Friday.

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.