Cubist Systematic Strategies LLC Has $397,000 Position in POSCO Holdings Inc. (NYSE:PKX)

Cubist Systematic Strategies LLC increased its position in POSCO Holdings Inc. (NYSE:PKX) by 43,007.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,035 shares of the basic materials company’s stock after purchasing an additional 6,021 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in POSCO were worth $397,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PKX. BNP Paribas Financial Markets lifted its position in shares of POSCO by 917.1% in the first quarter. BNP Paribas Financial Markets now owns 61,565 shares of the basic materials company’s stock valued at $4,828,000 after buying an additional 55,512 shares during the last quarter. Nomura Holdings Inc. acquired a new position in POSCO in the 4th quarter valued at $2,810,000. Frank Rimerman Advisors LLC bought a new stake in shares of POSCO during the 2nd quarter valued at $1,540,000. Altrius Capital Management Inc grew its holdings in shares of POSCO by 16.8% during the 2nd quarter. Altrius Capital Management Inc now owns 105,665 shares of the basic materials company’s stock worth $6,946,000 after purchasing an additional 15,174 shares in the last quarter. Finally, Summit Global Investments increased its position in shares of POSCO by 250.3% in the second quarter. Summit Global Investments now owns 11,193 shares of the basic materials company’s stock worth $736,000 after purchasing an additional 7,998 shares during the period.

POSCO Trading Down 0.6 %

PKX opened at $67.68 on Monday. The stock has a market capitalization of $20.54 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 0.55 and a beta of 1.42. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. POSCO Holdings Inc. has a twelve month low of $58.00 and a twelve month high of $98.00. The company has a 50-day simple moving average of $65.39 and a 200 day simple moving average of $68.30.

POSCO (NYSE:PKX) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. The business had revenue of $13.50 billion for the quarter. Analysts predict that POSCO Holdings Inc. will post 4.7 EPS for the current fiscal 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.