Natixis Advisors LLC Reduces Stock Holdings in POSCO Holdings Inc. (NYSE:PKX)

Natixis Advisors LLC lowered its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 44.9% during the second quarter, Holdings Channel reports. The firm owned 22,715 shares of the basic materials company’s stock after selling 18,541 shares during the period. Natixis Advisors LLC’s holdings in POSCO were worth $1,493,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC purchased a new position in shares of POSCO in the 1st quarter valued at $27,000. Benjamin F. Edwards & Company Inc. purchased a new stake in POSCO in the fourth quarter valued at $31,000. GAMMA Investing LLC boosted its stake in POSCO by 50.7% in the first quarter. GAMMA Investing LLC now owns 419 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 141 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of POSCO during the first quarter worth about $107,000. Finally, Barometer Capital Management Inc. acquired a new stake in shares of POSCO during the fourth quarter worth about $124,000.

POSCO Price Performance

POSCO stock opened at $61.17 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. POSCO Holdings Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $114.08. The stock has a 50-day simple moving average of $64.13 and a 200-day simple moving average of $70.35.

POSCO (NYSE:PKX) last issued its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.14 earnings per share for the quarter. The company had revenue of $13.50 billion during the quarter. POSCO had a return on equity of 2.27% and a net margin of 1.91%. As a group, 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.