BNP Paribas Financial Markets Increases Position in POSCO Holdings Inc. (NYSE:PKX)

BNP Paribas Financial Markets raised its holdings in POSCO Holdings Inc. (NYSE:PKX) by 917.1% during the first quarter, HoldingsChannel.com reports. The firm owned 61,565 shares of the basic materials company’s stock after buying an additional 55,512 shares during the period. BNP Paribas Financial Markets’ holdings in POSCO were worth $4,828,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nomura Holdings Inc. bought a new stake in shares of POSCO in the 4th quarter valued at approximately $2,810,000. Ballentine Partners LLC increased its stake in POSCO by 29.7% during the fourth quarter. Ballentine Partners LLC now owns 4,625 shares of the basic materials company’s stock valued at $440,000 after purchasing an additional 1,060 shares during the last quarter. CWM LLC raised its holdings in shares of POSCO by 13.2% during the fourth quarter. CWM LLC now owns 1,301 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 152 shares during the period. Blue Trust Inc. lifted its position in shares of POSCO by 68.7% in the 4th quarter. Blue Trust Inc. now owns 3,154 shares of the basic materials company’s stock worth $323,000 after buying an additional 1,284 shares during the last quarter. Finally, Dfpg Investments LLC boosted its holdings in shares of POSCO by 11.3% in the 4th quarter. Dfpg Investments LLC now owns 8,532 shares of the basic materials company’s stock valued at $768,000 after buying an additional 869 shares during the period.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of POSCO from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

POSCO Price Performance

Shares of NYSE PKX opened at $70.92 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.03 and a debt-to-equity ratio of 0.26. POSCO Holdings Inc. has a 1-year low of $64.99 and a 1-year high of $133.09. The business’s fifty day moving average price is $69.58 and its two-hundred day moving average price is $76.74.

POSCO (NYSE:PKX) last posted its earnings results on Thursday, April 25th. The basic materials company reported $1.22 EPS for the quarter. POSCO had a return on equity of 2.49% and a net margin of 2.09%. The firm had revenue of $13.58 billion for the quarter. On average, analysts anticipate that POSCO Holdings Inc. will post 4.7 EPS for the current fiscal year.

About POSCO

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.