Aigen Investment Management LP purchased a new position in POSCO Holdings Inc. (NYSE:PKX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,336 shares of the basic materials company's stock, valued at approximately $405,000.
A number of other hedge funds also recently bought and sold shares of PKX. Jane Street Group LLC boosted its holdings in shares of POSCO by 2,229.6% in the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company's stock worth $5,610,000 after purchasing an additional 76,719 shares during the period. Athos Capital Ltd purchased a new position in POSCO during the third quarter worth $11,373,000. Janus Henderson Group PLC purchased a new stake in shares of POSCO in the third quarter valued at $3,497,000. BNP Paribas Financial Markets lifted its holdings in shares of POSCO by 32.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company's stock worth $17,711,000 after acquiring an additional 61,528 shares during the last quarter. Finally, Maven Securities LTD purchased a new stake in POSCO in the 3rd quarter worth about $10,191,000.
POSCO Trading Down 1.8 %
Shares of PKX traded down $0.95 during trading hours on Tuesday, reaching $50.76. 388,900 shares of the company traded hands, compared to its average volume of 192,771. The firm has a market cap of $15.40 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.14 and a beta of 1.40. POSCO Holdings Inc. has a 12-month low of $39.40 and a 12-month high of $85.84. The stock's fifty day moving average price is $44.95 and its 200 day moving average price is $53.95. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.
Analyst Ratings Changes
Separately, StockNews.com lowered POSCO from a "buy" rating to a "hold" rating in a research report on Thursday, January 2nd.
Read Our Latest Analysis on PKX
POSCO Company Profile
(
Free Report)
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.
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