Maven Securities LTD Takes Position in POSCO Holdings Inc. (NYSE:PKX)

Maven Securities LTD purchased a new stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 145,600 shares of the basic materials company's stock, valued at approximately $10,191,000. POSCO comprises approximately 0.2% of Maven Securities LTD's portfolio, making the stock its 12th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of POSCO in the third quarter valued at about $49,000. GAMMA Investing LLC increased 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 worth $61,000 after acquiring an additional 505 shares during the period. CWM LLC increased its position in POSCO by 22.9% during the second quarter. CWM LLC now owns 2,004 shares of the basic materials company's stock worth $132,000 after acquiring an additional 373 shares during the period. Choreo LLC bought a new position in POSCO during the second quarter worth about $221,000. Finally, Ameritas Advisory Services LLC increased 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 worth $268,000 after acquiring an additional 298 shares during the period.

POSCO Price Performance

POSCO stock traded up $0.33 during trading hours on Wednesday, reaching $48.10. 412,329 shares of the stock were exchanged, compared to its average volume of 151,391. The company has a market cap of $14.60 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.62 and a beta of 1.38. 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 twelve month low of $46.04 and a twelve month high of $96.98. The stock has a 50 day moving average of $60.56 and a two-hundred day moving average of $64.16.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of POSCO from a "buy" rating to a "hold" rating in a research 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.