Grantham Mayo Van Otterloo & Co. LLC cut its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 46.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,433 shares of the basic materials company's stock after selling 89,744 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in POSCO were worth $4,398,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of PKX. Ovata Capital Management Ltd acquired a new stake in POSCO during the fourth quarter worth about $4,791,000. Trexquant Investment LP purchased a new stake in shares of POSCO in the 4th quarter valued at approximately $1,783,000. LPL Financial LLC increased its holdings in shares of POSCO by 145.8% during the 4th quarter. LPL Financial LLC now owns 9,904 shares of the basic materials company's stock worth $429,000 after buying an additional 5,874 shares during the last quarter. American Century Companies Inc. raised its position in shares of POSCO by 8.2% during the 4th quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company's stock valued at $16,017,000 after buying an additional 28,124 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in POSCO by 34.9% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,319 shares of the basic materials company's stock valued at $1,792,000 after acquiring an additional 10,696 shares during the last quarter.
POSCO Trading Up 4.6 %
PKX traded up $1.99 on Friday, hitting $45.60. The company had a trading volume of 539,823 shares, compared to its average volume of 242,261. The company's fifty day moving average price is $47.17 and its 200 day moving average price is $51.00. POSCO Holdings Inc. has a 1 year low of $39.40 and a 1 year high of $75.56. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The firm has a market cap of $13.84 billion, a P/E ratio of 20.92, a PEG ratio of 2.14 and a beta of 1.33.
Wall Street Analyst Weigh In
Separately, StockNews.com cut POSCO from a "buy" rating to a "hold" rating in a research note on Thursday, January 2nd.
Read Our Latest Report on POSCO
POSCO Profile
(
Free Report)
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.
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