Centiva Capital LP Boosts Holdings in POSCO Holdings Inc. (NYSE:PKX)

Centiva Capital LP increased its position in POSCO Holdings Inc. (NYSE:PKX) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,933 shares of the basic materials company’s stock after buying an additional 1,321 shares during the quarter. Centiva Capital LP’s holdings in POSCO were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC purchased a new position in shares of POSCO in the fourth quarter worth $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of POSCO in the fourth quarter worth $41,000. R Squared Ltd purchased a new position in shares of POSCO in the fourth quarter worth $46,000. Wilmington Savings Fund Society FSB increased its stake 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 worth $94,000 after buying an additional 2,125 shares during the period. Finally, Avior Wealth Management LLC increased its stake in shares of POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after buying an additional 735 shares during the period.

POSCO Stock Down 0.3%

Shares of NYSE PKX opened at $46.27 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. POSCO Holdings Inc. has a 52 week low of $39.40 and a 52 week high of $75.30. The firm’s fifty day moving average is $47.73 and its 200 day moving average is $47.95. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 2.14 and a beta of 1.36.

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