POSCO Holdings Inc. (NYSE:PKX) Shares Sold by Greenline Partners LLC

Greenline Partners LLC lowered its position in POSCO Holdings Inc. (NYSE:PKX) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,034 shares of the basic materials company’s stock after selling 4,609 shares during the quarter. Greenline Partners LLC’s holdings in POSCO were worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of PKX. Parvin Asset Management LLC acquired a new position in POSCO in the fourth quarter valued at $29,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in POSCO during the 4th quarter worth approximately $41,000. R Squared Ltd purchased a new position in shares of POSCO in the 4th quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB increased its holdings in shares of POSCO by 5,312.5% in 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 purchasing an additional 2,125 shares during the period. Finally, Avior Wealth Management LLC grew its position in POSCO by 49.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock valued at $97,000 after buying an additional 735 shares during the last quarter.

POSCO Stock Down 0.3 %

PKX stock opened at $46.27 on Friday. POSCO Holdings Inc. has a one year low of $39.40 and a one year high of $75.30. The company has a fifty day moving average of $47.73 and a 200-day moving average of $48.13. The stock has a market capitalization of $14.04 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.14 and a beta of 1.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93.

POSCO (NYSE:PKX) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). The business had revenue of $12 billion during the quarter, compared to analysts’ expectations of $12.12 billion. POSCO had a net margin of 1.55% and a return on equity of 1.87%. As a group, analysts expect that POSCO Holdings Inc. will post 3.74 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.