278 Shares in POSCO Holdings Inc. (NYSE:PKX) Bought by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in shares of POSCO Holdings Inc. (NYSE:PKX) during the fourth quarter, Holdings Channel reports. The fund acquired 278 shares of the basic materials company’s stock, valued at approximately $26,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new position in POSCO during the fourth quarter worth $25,000. Paradigm Asset Management Co. LLC boosted its holdings in shares of POSCO by 187.5% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the basic materials company’s stock valued at $118,000 after buying an additional 750 shares during the period. CWM LLC grew its position in shares of POSCO by 13.2% during the 4th quarter. CWM LLC now owns 1,301 shares of the basic materials company’s stock valued at $124,000 after buying an additional 152 shares during the last quarter. Foster Group Inc. acquired a new stake in POSCO during the third quarter worth about $222,000. Finally, Americana Partners LLC acquired a new position in POSCO in the third quarter valued at approximately $254,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded POSCO from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

POSCO Stock Down 0.7 %

Shares of NYSE:PKX opened at $74.52 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $76.89 and its 200 day moving average price is $82.99. POSCO Holdings Inc. has a fifty-two week low of $67.42 and a fifty-two week high of $133.09.

POSCO (NYSE:PKX) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share for the quarter. POSCO had a net margin of 2.09% and a return on equity of 2.50%. The business had revenue of $14.15 billion for the quarter. On average, research analysts predict that POSCO Holdings Inc. will post 4.65 earnings per share for the current fiscal year.

POSCO Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, January 1st were issued a dividend of $0.4683 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Wednesday, February 28th. POSCO’s dividend payout ratio (DPR) is 37.01%.

About POSCO

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.