Jane Street Group LLC Increases Position in POSCO Holdings Inc. (NYSE:PKX)

Jane Street Group LLC boosted its holdings in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 2,229.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 80,160 shares of the basic materials company's stock after buying an additional 76,719 shares during the quarter. Jane Street Group LLC's holdings in POSCO were worth $5,610,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Ameritas Advisory Services LLC raised its position in POSCO by 7.9% during the second quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company's stock valued at $268,000 after acquiring an additional 298 shares in the last quarter. CWM LLC increased its holdings in shares of POSCO by 16.3% during the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company's stock valued at $163,000 after purchasing an additional 327 shares in the last quarter. PDS Planning Inc lifted its stake in shares of POSCO by 11.4% in the 3rd quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company's stock valued at $284,000 after purchasing an additional 416 shares during the period. Profund Advisors LLC boosted its holdings in POSCO by 5.0% during the second quarter. Profund Advisors LLC now owns 9,174 shares of the basic materials company's stock worth $603,000 after buying an additional 435 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in POSCO by 138.0% during the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company's stock valued at $61,000 after buying an additional 505 shares during the period.

POSCO Price Performance

PKX stock traded up $0.01 during mid-day trading on Monday, reaching $46.71. 245,784 shares of the company's stock were exchanged, compared to its average volume of 164,745. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. POSCO Holdings Inc. has a 12-month low of $45.10 and a 12-month high of $96.98. The stock's 50 day moving average is $56.35 and its 200 day moving average is $62.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.

Wall Street Analyst Weigh In

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

About POSCO

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.