Guggenheim Capital LLC Lowers Stake in POSCO Holdings Inc. (NYSE:PKX)

Guggenheim Capital LLC lessened its stake in POSCO Holdings Inc. (NYSE:PKX) by 18.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,950 shares of the basic materials company’s stock after selling 3,167 shares during the period. Guggenheim Capital LLC’s holdings in POSCO were worth $605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC raised its stake in shares of POSCO by 13.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 645 shares in the last quarter. Ballentine Partners LLC raised its position in POSCO by 20.0% during the 4th quarter. Ballentine Partners LLC now owns 8,054 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 1,344 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of POSCO by 4.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company’s stock worth $271,000 after buying an additional 249 shares during the period. Avior Wealth Management LLC grew its position in shares of POSCO by 49.2% during the 4th 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 in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of POSCO by 28.3% during the fourth quarter. Blue Trust Inc. now owns 22,137 shares of the basic materials company’s stock valued at $960,000 after buying an additional 4,887 shares during the period.

POSCO Stock Performance

Shares of NYSE:PKX opened at $45.75 on Friday. The firm has a 50 day moving average of $47.86 and a 200 day moving average of $49.40. 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 capitalization of $13.89 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33. POSCO Holdings Inc. has a 52 week low of $39.40 and a 52 week high of $75.56.

POSCO (NYSE:PKX) last issued its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). The company had revenue of $12 billion for 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, sell-side analysts predict that POSCO Holdings Inc. will post 3.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of POSCO from a “buy” rating to a “hold” rating in a report 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.