Thornburg Investment Management Inc. Decreases Holdings in POSCO Holdings Inc. (NYSE:PKX)

Thornburg Investment Management Inc. trimmed its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 46.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,362 shares of the basic materials company’s stock after selling 13,361 shares during the quarter. Thornburg Investment Management Inc.’s holdings in POSCO were worth $666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in POSCO by 157.0% during the fourth quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company’s stock valued at $18,613,000 after purchasing an additional 262,257 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in POSCO by 19.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company’s stock valued at $16,672,000 after purchasing an additional 63,336 shares in the last quarter. American Century Companies Inc. lifted its holdings in POSCO by 8.2% during the fourth quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company’s stock valued at $16,017,000 after purchasing an additional 28,124 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in POSCO by 0.5% during the fourth quarter. BNP Paribas Financial Markets now owns 254,219 shares of the basic materials company’s stock valued at $11,023,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Altrius Capital Management Inc lifted its holdings in POSCO by 25.2% during the fourth quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company’s stock valued at $6,648,000 after purchasing an additional 30,863 shares in the last quarter.

POSCO Stock Performance

PKX opened at $44.30 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. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.14 and a beta of 1.36. POSCO Holdings Inc. has a 52-week low of $39.40 and a 52-week high of $74.33. The firm’s fifty day simple moving average is $47.15 and its two-hundred day simple moving average is $47.40.

POSCO (NYSE:PKX) last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). The business had revenue of $12 billion during the quarter, compared to analyst estimates of $12.12 billion. POSCO had a net margin of 1.55% and a return on equity of 1.87%. Equities 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.