Jane Street Group LLC Lowers Stake in POSCO Holdings Inc. (NYSE:PKX)

Jane Street Group LLC lessened its holdings in POSCO Holdings Inc. (NYSE:PKX) by 71.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,578 shares of the basic materials company’s stock after selling 57,582 shares during the quarter. Jane Street Group LLC’s holdings in POSCO were worth $979,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new position in shares of POSCO in the fourth quarter valued at about $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in POSCO during the fourth quarter valued at approximately $41,000. R Squared Ltd purchased a new stake in POSCO during the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB increased its holdings in POSCO by 5,312.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock valued at $94,000 after buying an additional 2,125 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 735 shares in the last quarter.

POSCO Stock Performance

Shares of NYSE:PKX opened at $42.71 on Friday. The firm has a fifty day simple moving average of $46.40 and a two-hundred day simple moving average of $47.10. The stock has a market capitalization of $12.96 billion, a P/E ratio of 19.59, a PEG 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 $74.01.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of POSCO from a “sell” rating to a “hold” rating in a research report on Thursday.

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.