9,996 Shares in POSCO Holdings Inc. (NYSE:PKX) Purchased by First Trust Advisors LP

First Trust Advisors LP purchased a new stake in POSCO Holdings Inc. (NYSE:PKX) during the 4th quarter, Holdings Channel reports. The fund purchased 9,996 shares of the basic materials company’s stock, valued at approximately $433,000.

Other large investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of POSCO by 19.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company’s stock worth $16,672,000 after acquiring an additional 63,336 shares during the last quarter. Ovata Capital Management Ltd acquired a new position in POSCO in the 4th quarter valued at about $4,791,000. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of POSCO by 34.9% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,319 shares of the basic materials company’s stock worth $1,792,000 after purchasing an additional 10,696 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of POSCO by 8.2% during the fourth quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company’s stock valued at $16,017,000 after buying an additional 28,124 shares during the period. Finally, Trexquant Investment LP acquired a new stake in POSCO during the fourth quarter worth approximately $1,783,000.

POSCO Trading Down 0.3 %

Shares of PKX opened at $46.27 on Friday. The company has a market capitalization of $14.04 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.36. POSCO Holdings Inc. has a fifty-two week low of $39.40 and a fifty-two week high of $75.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93. The stock has a fifty day moving average of $47.73 and a two-hundred day moving average of $48.13.

POSCO (NYSE:PKX) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). POSCO had a return on equity of 1.87% and a net margin of 1.55%. The company had revenue of $12 billion for the quarter, compared to analysts’ expectations of $12.12 billion. As a group, analysts forecast that POSCO Holdings Inc. will post 3.74 EPS 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.