JPMorgan Chase & Co. Sells 1,827 Shares of POSCO Holdings Inc. (NYSE:PKX)

JPMorgan Chase & Co. trimmed its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,034 shares of the basic materials company’s stock after selling 1,827 shares during the period. JPMorgan Chase & Co.’s holdings in POSCO were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of POSCO by 19.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company’s stock worth $16,672,000 after purchasing an additional 63,336 shares during the last quarter. Altrius Capital Management Inc increased its position in POSCO by 25.2% during the fourth quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company’s stock worth $6,648,000 after buying an additional 30,863 shares during the last quarter. American Century Companies Inc. raised its stake in 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 buying an additional 28,124 shares during the period. Van ECK Associates Corp lifted its position in shares of POSCO by 32.5% in the fourth quarter. Van ECK Associates Corp now owns 100,956 shares of the basic materials company’s stock valued at $4,377,000 after buying an additional 24,767 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of POSCO during the 4th quarter worth approximately $493,000.

POSCO Stock Up 2.1 %

PKX opened at $46.22 on Friday. The stock’s fifty day simple moving average is $47.76 and its 200 day simple moving average is $48.57. POSCO Holdings Inc. has a 1-year low of $39.40 and a 1-year high of $75.56. The stock has a market cap of $14.03 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.

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