Balyasny Asset Management L.P. Purchases New Shares in POSCO Holdings Inc. (NYSE:PKX)

Balyasny Asset Management L.P. purchased a new stake in POSCO Holdings Inc. (NYSE:PKX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,893 shares of the basic materials company’s stock, valued at approximately $949,000.

A number of other institutional investors have also recently added to or reduced their stakes in PKX. Parvin Asset Management LLC acquired a new stake in POSCO in the 4th quarter valued at $29,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in POSCO in the 4th quarter valued at $41,000. R Squared Ltd acquired a new stake in POSCO in the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB grew its stake in POSCO by 5,312.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock valued at $94,000 after acquiring an additional 2,125 shares during the period. Finally, Avior Wealth Management LLC grew its stake 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 acquiring an additional 735 shares during the period.

POSCO Price Performance

POSCO stock opened at $44.64 on Thursday. The company’s fifty day moving average price is $47.42 and its 200 day moving average price is $47.82. POSCO Holdings Inc. has a 1 year low of $39.40 and a 1 year high of $75.30. The stock has a market capitalization of $13.55 billion, a P/E ratio of 20.48, a P/E/G 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 announced its earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). POSCO had a return on equity of 1.87% and a net margin of 1.55%. The business had revenue of $12 billion for the quarter, compared to analyst estimates of $12.12 billion. As a group, equities research analysts anticipate that POSCO Holdings Inc. will post 3.74 earnings per share 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.