Generali Investments CEE investicni spolecnost a.s. Takes $493,000 Position in POSCO Holdings Inc. (NYSE:PKX)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,380 shares of the basic materials company's stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich bought a new stake in POSCO in the fourth quarter valued at about $41,000. Aigen Investment Management LP bought a new stake in shares of POSCO in the 4th quarter valued at approximately $405,000. US Bancorp DE increased its holdings in shares of POSCO by 10.4% in the 4th quarter. US Bancorp DE now owns 10,132 shares of the basic materials company's stock valued at $439,000 after acquiring an additional 952 shares during the last quarter. Altrius Capital Management Inc raised its position in shares of POSCO by 25.2% during the 4th quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company's stock valued at $6,648,000 after acquiring an additional 30,863 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in POSCO by 5.4% during the fourth quarter. Rhumbline Advisers now owns 42,462 shares of the basic materials company's stock worth $1,841,000 after purchasing an additional 2,168 shares during the last quarter.

POSCO Stock Performance

Shares of NYSE PKX traded up $2.45 during midday trading on Wednesday, reaching $53.26. 403,921 shares of the company traded hands, compared to its average volume of 194,189. The stock has a 50-day moving average price of $45.09 and a 200 day moving average price of $53.85. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 2.14 and a beta of 1.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. POSCO Holdings Inc. has a 52 week low of $39.40 and a 52 week high of $85.84.

Remove Ads

Wall Street Analyst Weigh In

Separately, StockNews.com cut POSCO from a "buy" rating to a "hold" rating in a research report 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.