POSCO Holdings Inc. (NYSE:PKX) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 65.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,008 shares of the basic materials company's stock after selling 11,141 shares during the period. Crossmark Global Holdings Inc.'s holdings in POSCO were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PKX. Seven Grand Managers LLC acquired a new stake in POSCO during the third quarter worth approximately $1,750,000. Frank Rimerman Advisors LLC purchased a new position in shares of POSCO during the 2nd quarter valued at $1,540,000. Altrius Capital Management Inc raised its stake in POSCO by 16.8% in the second quarter. Altrius Capital Management Inc now owns 105,665 shares of the basic materials company's stock valued at $6,946,000 after purchasing an additional 15,174 shares in the last quarter. Creative Planning lifted its holdings in POSCO by 36.8% in the 3rd quarter. Creative Planning now owns 53,801 shares of the basic materials company's stock worth $3,766,000 after buying an additional 14,485 shares during the period. Finally, Blue Trust Inc. grew its holdings in POSCO by 152.9% in the third quarter. Blue Trust Inc. now owns 17,250 shares of the basic materials company's stock worth $1,134,000 after purchasing an additional 10,428 shares during the period.

POSCO Stock Performance

Shares of NYSE:PKX traded down $2.69 on Friday, hitting $49.69. 339,894 shares of the company were exchanged, compared to its average volume of 239,920. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. POSCO Holdings Inc. has a 1-year low of $49.37 and a 1-year high of $96.98. The stock's 50 day moving average price is $64.20 and its 200 day moving average price is $66.02. The firm has a market capitalization of $15.08 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised POSCO from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th.

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.