DMC Group LLC Has $346,000 Stock Holdings in POSCO Holdings Inc. (NYSE:PKX)

DMC Group LLC trimmed its position in POSCO Holdings Inc. (NYSE:PKX) by 24.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,989 shares of the basic materials company’s stock after selling 2,556 shares during the quarter. DMC Group LLC’s holdings in POSCO were worth $346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PKX. Athos Capital Ltd acquired a new stake in shares of POSCO during the 3rd quarter worth approximately $11,373,000. Maven Securities LTD acquired a new stake in POSCO during the 3rd quarter worth $10,191,000. Jane Street Group LLC raised its position in shares of POSCO by 2,229.6% during the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock valued at $5,610,000 after acquiring an additional 76,719 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of POSCO by 32.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock valued at $17,711,000 after purchasing an additional 61,528 shares during the period. Finally, Janus Henderson Group PLC bought a new position in shares of POSCO in the 3rd quarter worth $3,497,000.

POSCO Stock Up 1.3 %

POSCO stock opened at $45.39 on Thursday. POSCO Holdings Inc. has a fifty-two week low of $42.35 and a fifty-two week high of $86.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.95 and a quick ratio of 1.35. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 0.40 and a beta of 1.40. The company’s 50 day simple moving average is $46.68 and its 200 day simple moving average is $57.63.

POSCO (NYSE:PKX) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.01 earnings per share for the quarter. POSCO had a return on equity of 2.15% and a net margin of 1.78%. The firm had revenue of $13.53 billion for the quarter. As a group, sell-side analysts anticipate that POSCO Holdings Inc. will post 4.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a research note on Thursday, January 2nd.

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.