Athos Capital Ltd Takes Position in POSCO Holdings Inc. (NYSE:PKX)

Athos Capital Ltd acquired a new position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 162,500 shares of the basic materials company's stock, valued at approximately $11,373,000. POSCO makes up approximately 3.7% of Athos Capital Ltd's holdings, making the stock its 2nd largest position. Athos Capital Ltd owned approximately 0.05% of POSCO at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PKX. CWM LLC boosted its stake in shares of POSCO by 22.9% in the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company's stock valued at $132,000 after purchasing an additional 373 shares in the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of POSCO by 2.2% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 24,399 shares of the basic materials company's stock valued at $1,604,000 after acquiring an additional 535 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in POSCO by 1.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,470 shares of the basic materials company's stock worth $688,000 after acquiring an additional 183 shares during the last quarter. DMC Group LLC increased its holdings in POSCO by 1.5% in the 2nd quarter. DMC Group LLC now owns 11,111 shares of the basic materials company's stock worth $730,000 after purchasing an additional 167 shares in the last quarter. Finally, Blue Trust Inc. raised its position in POSCO by 668.2% in the second quarter. Blue Trust Inc. now owns 6,822 shares of the basic materials company's stock valued at $448,000 after purchasing an additional 5,934 shares during the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut POSCO from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th.

POSCO Trading Down 3.2 %

NYSE PKX traded down $1.67 on Monday, hitting $49.95. The company's stock had a trading volume of 430,655 shares, compared to its average volume of 146,539. The firm has a market cap of $15.16 billion, a PE ratio of 18.11, a PEG ratio of 0.64 and a beta of 1.44. POSCO Holdings Inc. has a 1-year low of $49.37 and a 1-year high of $96.98. The company's 50-day moving average is $61.46 and its 200 day moving average is $64.52. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.

POSCO Company 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.