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

Creative Planning lifted its position in POSCO Holdings Inc. (NYSE:PKX) by 36.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in POSCO by 4.4% in the first quarter. Van ECK Associates Corp now owns 77,980 shares of the basic materials company’s stock valued at $6,115,000 after purchasing an additional 3,275 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of POSCO by 917.1% in 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 acquiring an additional 55,512 shares in the last quarter. Quantbot Technologies LP raised its position in shares of POSCO by 1,788.4% in the first quarter. Quantbot Technologies LP now owns 2,927 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 2,772 shares during the period. Headlands Technologies LLC bought a new stake in POSCO during the first quarter valued at about $27,000. Finally, Advisors Preferred LLC acquired a new stake in shares of POSCO in the first quarter valued at about $107,000.

Analyst Ratings Changes

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

POSCO Stock Performance

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. The company’s fifty day moving average is $65.89 and its two-hundred day moving average is $67.58. POSCO Holdings Inc. has a 52-week low of $58.00 and a 52-week high of $98.00. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 0.46 and a beta of 1.42.

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

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.