Sivia Capital Partners LLC Makes New $302,000 Investment in POSCO Holdings Inc. (NYSE:PKX)

Sivia Capital Partners LLC bought a new stake in POSCO Holdings Inc. (NYSE:PKX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,180 shares of the basic materials company’s stock, valued at approximately $302,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Segantii Capital Management Ltd bought a new stake in shares of POSCO during the fourth quarter valued at about $5,543,000. Nomura Holdings Inc. acquired a new position in POSCO during the fourth quarter worth about $2,810,000. American Century Companies Inc. grew its holdings in POSCO by 9.5% during the third quarter. American Century Companies Inc. now owns 271,763 shares of the basic materials company’s stock worth $27,856,000 after acquiring an additional 23,668 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in POSCO by 6.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 303,046 shares of the basic materials company’s stock worth $31,062,000 after acquiring an additional 19,057 shares during the period. Finally, CWA Asset Management Group LLC grew its holdings in POSCO by 26.3% during the third quarter. CWA Asset Management Group LLC now owns 77,073 shares of the basic materials company’s stock worth $7,900,000 after acquiring an additional 16,052 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com cut POSCO from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

POSCO Stock Performance

NYSE:PKX traded down $0.59 on Monday, hitting $67.42. 29,994 shares of the company’s stock traded hands, compared to its average volume of 103,911. The company has a current ratio of 2.03, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. POSCO Holdings Inc. has a 1 year low of $66.70 and a 1 year high of $133.09. The firm has a 50-day moving average price of $71.29 and a 200-day moving average price of $79.74.

POSCO (NYSE:PKX) last posted its earnings results on Thursday, April 25th. The basic materials company reported $1.22 earnings per share for the quarter. POSCO had a return on equity of 2.49% and a net margin of 2.09%. The firm had revenue of $13.58 billion during the quarter. Sell-side analysts expect that POSCO Holdings Inc. will post 4.7 EPS for the current fiscal year.

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.