Natixis Advisors LLC lowered its holdings in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 61.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,239 shares of the basic materials company's stock after selling 16,360 shares during the quarter. Natixis Advisors LLC's holdings in POSCO were worth $444,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich purchased a new position in POSCO in the fourth quarter valued at approximately $41,000. R Squared Ltd purchased a new position in shares of POSCO in the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB raised its stake in POSCO by 5,312.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company's stock worth $94,000 after acquiring an additional 2,125 shares in the last quarter. Avior Wealth Management LLC lifted its position in POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock valued at $97,000 after acquiring an additional 735 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in POSCO by 13.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company's stock valued at $243,000 after acquiring an additional 645 shares in the last quarter.
POSCO Stock Performance
PKX traded down $1.26 during trading on Monday, hitting $47.46. 263,155 shares of the stock were exchanged, compared to its average volume of 226,050. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. POSCO Holdings Inc. has a 1-year low of $39.40 and a 1-year high of $78.07. The stock has a fifty day moving average price of $47.17 and a two-hundred day moving average price of $52.69. The firm has a market capitalization of $14.40 billion, a P/E ratio of 21.77, a PEG ratio of 2.14 and a beta of 1.40.
Analysts Set New Price Targets
Separately, StockNews.com cut POSCO from a "buy" rating to a "hold" rating in a research report on Thursday, January 2nd.
Get Our Latest Stock Report on POSCO
About POSCO
(
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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