GAMMA Investing LLC Makes New $26,000 Investment in POSCO Holdings Inc. (NYSE:PKX)

GAMMA Investing LLC bought a new stake in POSCO Holdings Inc. (NYSE:PKX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 278 shares of the basic materials company’s stock, valued at approximately $26,000.

A number of other large investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in POSCO by 6.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 303,046 shares of the basic materials company’s stock valued at $31,062,000 after purchasing an additional 19,057 shares during the period. American Century Companies Inc. grew its stake in shares of POSCO by 9.5% in the 3rd quarter. American Century Companies Inc. now owns 271,763 shares of the basic materials company’s stock valued at $27,856,000 after purchasing an additional 23,668 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of POSCO by 12.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 80,320 shares of the basic materials company’s stock valued at $8,233,000 after purchasing an additional 8,903 shares during the period. Van ECK Associates Corp raised its stake in shares of POSCO by 8.4% during the third quarter. Van ECK Associates Corp now owns 79,859 shares of the basic materials company’s stock worth $8,186,000 after purchasing an additional 6,202 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in shares of 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 purchasing an additional 16,052 shares during the period.

Wall Street Analysts Forecast Growth

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

POSCO Stock Performance

Shares of PKX opened at $74.52 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 2.08 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $76.89 and its two-hundred day moving average is $82.99. POSCO Holdings Inc. has a twelve month low of $67.42 and a twelve month high of $133.09.

POSCO (NYSE:PKX) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share for the quarter. The business had revenue of $14.15 billion during the quarter. POSCO had a net margin of 2.09% and a return on equity of 2.50%. On average, equities analysts expect that POSCO Holdings Inc. will post 4.65 EPS for the current fiscal year.

POSCO Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, January 1st were issued a $0.4683 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.51%. POSCO’s dividend payout ratio is presently 37.01%.

About POSCO

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.