Blue Trust Inc. Sells 13,458 Shares of POSCO Holdings Inc. (NYSE:PKX)

Blue Trust Inc. lowered its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 78.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,792 shares of the basic materials company's stock after selling 13,458 shares during the quarter. Blue Trust Inc.'s holdings in POSCO were worth $164,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of POSCO during the 4th quarter valued at about $46,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of POSCO during the 3rd quarter valued at about $49,000. Wilmington Savings Fund Society FSB raised its position in POSCO by 5,312.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company's stock worth $94,000 after purchasing an additional 2,125 shares during the period. Avior Wealth Management LLC raised its position in POSCO by 49.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock worth $97,000 after purchasing an additional 735 shares during the period. Finally, CWM LLC raised its position in POSCO by 16.3% in the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company's stock worth $163,000 after purchasing an additional 327 shares during the period.

POSCO Trading Up 2.4 %

PKX stock traded up $1.11 during mid-day trading on Monday, reaching $48.33. The company had a trading volume of 394,987 shares, compared to its average volume of 234,169. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. The company has a market capitalization of $14.67 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.14 and a beta of 1.39. The firm has a 50 day moving average of $44.17 and a 200 day moving average of $54.83. POSCO Holdings Inc. has a 12 month low of $39.40 and a 12 month high of $86.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of POSCO from a "buy" rating to a "hold" rating in a research note on Thursday, January 2nd.

POSCO 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.