Van ECK Associates Corp Has $5.55 Million Stock Holdings in POSCO Holdings Inc. (NYSE:PKX)

Van ECK Associates Corp raised its holdings in POSCO Holdings Inc. (NYSE:PKX) by 8.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,420 shares of the basic materials company’s stock after buying an additional 6,440 shares during the quarter. Van ECK Associates Corp’s holdings in POSCO were worth $5,550,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC boosted its position in shares of POSCO by 7.9% in the second quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 298 shares during the period. Atomi Financial Group Inc. boosted its holdings in POSCO by 16.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,802 shares of the basic materials company’s stock valued at $447,000 after purchasing an additional 953 shares during the period. Summit Global Investments boosted its holdings in POSCO by 250.3% in the 2nd quarter. Summit Global Investments now owns 11,193 shares of the basic materials company’s stock valued at $736,000 after purchasing an additional 7,998 shares during the period. Blue Trust Inc. increased its holdings in shares of POSCO by 668.2% during the 2nd quarter. Blue Trust Inc. now owns 6,822 shares of the basic materials company’s stock worth $448,000 after purchasing an additional 5,934 shares during the period. Finally, DMC Group LLC increased its holdings in shares of POSCO by 1.5% during the 2nd quarter. DMC Group LLC now owns 11,111 shares of the basic materials company’s stock worth $730,000 after purchasing an additional 167 shares during the period.

POSCO Stock Up 1.5 %

NYSE PKX opened at $64.75 on Wednesday. POSCO Holdings Inc. has a twelve month low of $58.00 and a twelve month high of $114.08. The stock has a market cap of $19.59 billion, a PE ratio of 16.99, a PEG ratio of 0.51 and a beta of 1.43. The firm has a 50-day simple moving average of $64.51 and a 200 day simple moving average of $71.06. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.42 and a current ratio of 2.03.

POSCO (NYSE:PKX) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.14 EPS for the quarter. POSCO had a return on equity of 2.21% and a net margin of 1.91%. The firm had revenue of $13.50 billion during the quarter. On average, research analysts forecast that POSCO Holdings Inc. will post 4.7 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.