POSCO Holdings Inc. (NYSE:PKX) Shares Sold by Mariner LLC

Mariner LLC trimmed its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 55.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,581 shares of the basic materials company’s stock after selling 6,891 shares during the period. Mariner LLC’s holdings in POSCO were worth $242,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in POSCO during the fourth quarter worth approximately $41,000. R Squared Ltd purchased a new stake in POSCO during the 4th quarter worth $46,000. Wilmington Savings Fund Society FSB increased its holdings in POSCO by 5,312.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock valued at $94,000 after purchasing an additional 2,125 shares in the last quarter. Avior Wealth Management LLC raised its position in POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 735 shares during the period. Finally, PDS Planning Inc lifted its stake in shares of POSCO by 22.4% during the fourth quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 911 shares in the last quarter.

POSCO Stock Performance

PKX opened at $46.46 on Wednesday. The firm’s 50 day moving average is $47.70 and its 200-day moving average is $48.35. POSCO Holdings Inc. has a 52-week low of $39.40 and a 52-week high of $75.30. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $14.10 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.14 and a beta of 1.36.

POSCO (NYSE:PKX) last issued its quarterly earnings results 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). POSCO had a net margin of 1.55% and a return on equity of 1.87%. The business had revenue of $12 billion during the quarter, compared to analysts’ expectations of $12.12 billion. Analysts expect that POSCO Holdings Inc. will post 3.74 EPS for the current fiscal 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.