POSCO Holdings Inc. (NYSE:PKX) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its position in POSCO Holdings Inc. (NYSE:PKX) by 49.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,228 shares of the basic materials company’s stock after purchasing an additional 735 shares during the quarter. Avior Wealth Management LLC’s holdings in POSCO were worth $97,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Athos Capital Ltd acquired a new stake in shares of POSCO in the 3rd quarter worth $11,373,000. Maven Securities LTD acquired a new stake in shares of POSCO in the 3rd quarter worth $10,191,000. Jane Street Group LLC increased its stake in shares of POSCO by 2,229.6% in the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock worth $5,610,000 after acquiring an additional 76,719 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of POSCO by 32.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock worth $17,711,000 after acquiring an additional 61,528 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of POSCO in the 3rd quarter worth $3,497,000.

Wall Street Analyst Weigh In

Separately, StockNews.com cut POSCO from a “buy” rating to a “hold” rating in a report on Thursday, January 2nd.

POSCO Stock Performance

NYSE PKX opened at $44.78 on Wednesday. The stock has a market cap of $13.59 billion, a PE ratio of 15.71, a P/E/G ratio of 0.40 and a beta of 1.40. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. POSCO Holdings Inc. has a twelve month low of $42.35 and a twelve month high of $86.52. The stock has a fifty day simple moving average of $46.82 and a 200-day simple moving average of $57.82.

POSCO (NYSE:PKX) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.01 earnings per share for the quarter. POSCO had a return on equity of 2.15% and a net margin of 1.78%. The business had revenue of $13.53 billion during the quarter. Equities analysts anticipate that POSCO Holdings Inc. will post 4.25 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.