50,000 Shares in POSCO Holdings Inc. (NYSE:PKX) Bought by Janus Henderson Group PLC

Janus Henderson Group PLC purchased a new position in POSCO Holdings Inc. (NYSE:PKX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the basic materials company's stock, valued at approximately $3,497,000.

Several other institutional investors also recently added to or reduced their stakes in PKX. BNP Paribas Financial Markets increased its stake in shares of POSCO by 32.1% during the third quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company's stock valued at $17,711,000 after buying an additional 61,528 shares during the period. Athos Capital Ltd bought a new stake in shares of POSCO in the 3rd quarter valued at about $11,373,000. Altrius Capital Management Inc lifted its position in shares of POSCO by 15.9% in the 3rd quarter. Altrius Capital Management Inc now owns 122,467 shares of the basic materials company's stock worth $8,571,000 after purchasing an additional 16,802 shares during the period. Van ECK Associates Corp boosted its stake in shares of POSCO by 8.3% during the second quarter. Van ECK Associates Corp now owns 84,420 shares of the basic materials company's stock valued at $5,550,000 after purchasing an additional 6,440 shares in the last quarter. Finally, Creative Planning increased its holdings in POSCO by 36.8% during the third quarter. Creative Planning now owns 53,801 shares of the basic materials company's stock valued at $3,766,000 after buying an additional 14,485 shares during the period.

POSCO Stock Down 0.5 %

PKX stock traded down $0.22 during trading on Thursday, reaching $47.46. 328,217 shares of the company traded hands, compared to its average volume of 163,631. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The business has a 50 day simple moving average of $57.69 and a 200 day simple moving average of $63.18. POSCO Holdings Inc. has a 12 month low of $45.10 and a 12 month high of $96.98.

Wall Street Analyst Weigh In

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