American Century Companies Inc. grew its position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 8.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 369,394 shares of the basic materials company's stock after acquiring an additional 28,124 shares during the period. American Century Companies Inc. owned about 0.12% of POSCO worth $16,017,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in POSCO in the fourth quarter worth $41,000. R Squared Ltd purchased a new stake in shares of POSCO in the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB grew its stake in shares of POSCO by 5,312.5% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company's stock worth $94,000 after acquiring an additional 2,125 shares during the last quarter. Avior Wealth Management LLC grew its position 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 purchasing an additional 735 shares during the last quarter. Finally, PDS Planning Inc raised its holdings in POSCO by 22.4% in the 4th 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 last quarter.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered POSCO from a "buy" rating to a "hold" rating in a report on Thursday, January 2nd.
Read Our Latest Stock Report on PKX
POSCO Stock Performance
Shares of NYSE PKX traded down $0.74 during trading on Friday, reaching $44.40. 622,561 shares of the company traded hands, compared to its average volume of 232,294. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $47.21 and a 200-day simple moving average of $52.15. POSCO Holdings Inc. has a 52-week low of $39.40 and a 52-week high of $75.79. The stock has a market capitalization of $13.48 billion, a PE ratio of 20.37, a P/E/G ratio of 2.14 and a beta of 1.40.
POSCO Profile
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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.
Further Reading
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