Caprock Group LLC Takes Position in POSCO Holdings Inc. (NYSE:PKX)

Caprock Group LLC acquired a new position in shares of POSCO Holdings Inc. (NYSE:PKX) in the 2nd quarter, HoldingsChannel reports. The firm acquired 6,723 shares of the basic materials company’s stock, valued at approximately $442,000.

A number of other institutional investors also recently bought and sold shares of the company. Nomura Holdings Inc. acquired a new stake in shares of POSCO during the 4th quarter worth approximately $2,810,000. CWM LLC grew its position in POSCO by 22.9% in the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 373 shares during the period. Headlands Technologies LLC acquired a new stake in POSCO during the first quarter worth $27,000. Ballentine Partners LLC raised its position in POSCO by 13.8% in the first quarter. Ballentine Partners LLC now owns 5,261 shares of the basic materials company’s stock valued at $413,000 after purchasing an additional 636 shares during the period. Finally, US Bancorp DE lifted its stake in shares of POSCO by 1.4% in the 4th quarter. US Bancorp DE now owns 10,700 shares of the basic materials company’s stock valued at $1,018,000 after purchasing an additional 149 shares during the last quarter.

POSCO Stock Performance

NYSE PKX opened at $67.03 on Friday. The stock has a market cap of $20.28 billion, a PE ratio of 17.59, a P/E/G ratio of 0.48 and a beta of 1.42. POSCO Holdings Inc. has a twelve month low of $58.00 and a twelve month high of $114.08. The stock has a fifty day simple moving average of $64.04 and a 200-day simple moving average of $70.28. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27.

POSCO (NYSE:PKX) last announced its earnings results 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 net margin of 1.91% and a return on equity of 2.27%. Equities analysts anticipate that POSCO Holdings Inc. will post 4.7 earnings per share 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.