Marshall Wace LLP Sells 245,073 Shares of POSCO Holdings Inc. (NYSE:PKX)

Marshall Wace LLP lowered its position in POSCO Holdings Inc. (NYSE:PKX) by 71.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,756 shares of the basic materials company’s stock after selling 245,073 shares during the period. Marshall Wace LLP’s holdings in POSCO were worth $4,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of PKX. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of POSCO by 19.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company’s stock worth $16,672,000 after acquiring an additional 63,336 shares during the last quarter. American Century Companies Inc. increased its stake in POSCO by 8.2% in the fourth quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company’s stock worth $16,017,000 after purchasing an additional 28,124 shares during the period. Altrius Capital Management Inc lifted its position in shares of POSCO by 25.2% during the fourth quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company’s stock worth $6,648,000 after purchasing an additional 30,863 shares during the last quarter. Ovata Capital Management Ltd purchased a new stake in shares of POSCO during the fourth quarter valued at $4,791,000. Finally, Van ECK Associates Corp grew its holdings in shares of POSCO by 32.5% in the fourth quarter. Van ECK Associates Corp now owns 100,956 shares of the basic materials company’s stock worth $4,377,000 after purchasing an additional 24,767 shares during the last quarter.

POSCO Stock Down 0.8 %

Shares of NYSE PKX opened at $45.94 on Friday. POSCO Holdings Inc. has a 52-week low of $39.40 and a 52-week high of $75.56. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.14 and a beta of 1.33. The stock has a 50 day moving average price of $47.81 and a 200 day moving average price of $49.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93.

POSCO (NYSE:PKX) last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter. POSCO had a return on equity of 1.87% and a net margin of 1.55%. Sell-side analysts expect that POSCO Holdings Inc. will post 3.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.