Walleye Capital LLC Takes $1.73 Million Position in POSCO Holdings Inc. (NYSE:PKX)

Walleye Capital LLC bought a new position in shares of POSCO Holdings Inc. (NYSE:PKX) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 39,856 shares of the basic materials company’s stock, valued at approximately $1,728,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in POSCO during the 4th quarter valued at about $41,000. R Squared Ltd acquired a new position in POSCO in the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB raised its position in POSCO by 5,312.5% during the 4th 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 last quarter. Avior Wealth Management LLC lifted its stake in POSCO by 49.2% during 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. Finally, PDS Planning Inc increased its stake in shares of POSCO by 22.4% in the fourth quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company’s stock worth $216,000 after acquiring an additional 911 shares during the period.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of POSCO from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd.

POSCO Stock Up 0.1 %

Shares of PKX stock opened at $44.84 on Friday. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $75.56. The stock has a market cap of $13.61 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.14 and a beta of 1.33. The stock has a 50 day moving average of $47.56 and a 200 day moving average of $50.09. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.

POSCO Company 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.