D. E. Shaw & Co. Inc. Grows Position in POSCO Holdings Inc. (NYSE:PKX)

D. E. Shaw & Co. Inc. grew its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,481 shares of the basic materials company’s stock after buying an additional 18,746 shares during the period. D. E. Shaw & Co. Inc.’s holdings in POSCO were worth $3,750,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in POSCO by 19.7% during 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 buying an additional 63,336 shares in the last quarter. Ovata Capital Management Ltd purchased a new stake in shares of POSCO in the fourth quarter valued at $4,791,000. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of POSCO by 34.9% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,319 shares of the basic materials company’s stock valued at $1,792,000 after purchasing an additional 10,696 shares during the period. Northern Trust Corp grew its position in shares of POSCO by 157.0% in the fourth quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company’s stock valued at $18,613,000 after purchasing an additional 262,257 shares during the period. Finally, American Century Companies Inc. grew its position in shares of POSCO by 8.2% in 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 purchasing an additional 28,124 shares during the period.

POSCO Price Performance

Shares of NYSE:PKX opened at $44.30 on Monday. The company has a market cap of $13.44 billion, a P/E ratio of 20.32, a P/E/G ratio of 2.14 and a beta of 1.36. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. POSCO Holdings Inc. has a 52 week low of $39.40 and a 52 week high of $74.33. The business has a fifty day simple moving average of $47.15 and a 200-day simple moving average of $47.40.

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