BNP Paribas Financial Markets Buys 61,528 Shares of POSCO Holdings Inc. (NYSE:PKX)

BNP Paribas Financial Markets lifted its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 32.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 253,054 shares of the basic materials company's stock after buying an additional 61,528 shares during the period. BNP Paribas Financial Markets owned about 0.08% of POSCO worth $17,711,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PKX. Allspring Global Investments Holdings LLC bought a new position in POSCO during the third quarter worth about $49,000. GAMMA Investing LLC raised its stake in shares of POSCO by 138.0% in the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 505 shares during the last quarter. CWM LLC raised its stake in shares of POSCO by 22.9% in the second quarter. CWM LLC now owns 2,004 shares of the basic materials company's stock valued at $132,000 after acquiring an additional 373 shares during the last quarter. Choreo LLC bought a new position in shares of POSCO in the second quarter valued at approximately $221,000. Finally, PDS Planning Inc raised its stake in shares of POSCO by 11.4% in the third quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company's stock valued at $284,000 after acquiring an additional 416 shares during the last quarter.

POSCO Price Performance

Shares of POSCO stock traded down $1.98 during midday trading on Friday, reaching $51.62. The company had a trading volume of 194,083 shares, compared to its average volume of 233,448. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.64 and a beta of 1.44. The stock has a fifty day simple moving average of $61.46 and a 200 day simple moving average of $64.59. POSCO Holdings Inc. has a 1-year low of $49.37 and a 1-year high of $96.98.

Analysts Set New Price Targets

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

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.