POSCO Holdings Inc. (NYSE:PKX) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC lifted its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,710 shares of the basic materials company’s stock after purchasing an additional 588 shares during the quarter. Ballentine Partners LLC’s holdings in POSCO were worth $470,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. DMC Group LLC increased its position in shares of POSCO by 1.5% in the second quarter. DMC Group LLC now owns 11,111 shares of the basic materials company’s stock valued at $730,000 after buying an additional 167 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in POSCO by 1.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,470 shares of the basic materials company’s stock valued at $688,000 after acquiring an additional 183 shares in the last quarter. Confluence Investment Management LLC raised its position in POSCO by 3.0% during the second quarter. Confluence Investment Management LLC now owns 6,420 shares of the basic materials company’s stock worth $422,000 after acquiring an additional 185 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings 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 purchasing an additional 298 shares in the last quarter. Finally, CWM LLC grew its position in shares of POSCO by 16.3% in the third quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 327 shares during the last quarter.

POSCO Price Performance

POSCO stock opened at $60.02 on Monday. The firm’s 50-day moving average is $65.86 and its two-hundred day moving average is $67.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The stock has a market capitalization of $18.22 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.46 and a beta of 1.42. POSCO Holdings Inc. has a 12-month low of $58.00 and a 12-month high of $98.00.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.14 EPS for the quarter. The business 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%. Equities analysts predict that POSCO Holdings Inc. will post 4.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised POSCO from a “hold” rating to a “buy” rating in a research note on Friday.

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.