Blue Trust Inc. Increases Stake in POSCO Holdings Inc. (NYSE:PKX)

Blue Trust Inc. grew its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 152.9% in the third quarter, HoldingsChannel.com reports. The firm owned 17,250 shares of the basic materials company’s stock after buying an additional 10,428 shares during the quarter. Blue Trust Inc.’s holdings in POSCO were worth $1,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in POSCO by 917.1% during 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 purchasing an additional 55,512 shares during the period. Seven Grand Managers LLC purchased a new position in shares of POSCO during the third quarter valued at approximately $1,750,000. Frank Rimerman Advisors LLC bought a new position in shares of POSCO during the second quarter valued at approximately $1,540,000. Altrius Capital Management Inc lifted its stake in 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 acquiring an additional 15,174 shares during the period. Finally, Creative Planning boosted its holdings in POSCO by 36.8% in the third quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock valued at $3,766,000 after acquiring an additional 14,485 shares in the last quarter.

POSCO Stock Up 1.3 %

Shares of POSCO stock opened at $63.07 on Monday. The company’s fifty day simple moving average is $65.85 and its two-hundred day simple moving average is $67.84. POSCO Holdings Inc. has a 12-month low of $58.00 and a 12-month high of $98.00. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The company has a market cap of $19.14 billion, a P/E ratio of 16.55, a PEG ratio of 0.50 and a beta of 1.42.

POSCO (NYSE:PKX) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. The company had revenue of $13.50 billion for the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. Research analysts anticipate that POSCO Holdings Inc. will post 4.99 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.