Frank Rimerman Advisors LLC Sells 8,552 Shares of POSCO Holdings Inc. (NYSE:PKX)

Frank Rimerman Advisors LLC trimmed its holdings in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 36.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,868 shares of the basic materials company's stock after selling 8,552 shares during the period. Frank Rimerman Advisors LLC's holdings in POSCO were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in shares of POSCO by 917.1% during the 1st quarter. BNP Paribas Financial Markets now owns 61,565 shares of the basic materials company's stock worth $4,828,000 after acquiring an additional 55,512 shares in the last quarter. Seven Grand Managers LLC acquired a new position in shares of POSCO during the 3rd quarter worth $1,750,000. Altrius Capital Management Inc lifted its position in shares of POSCO by 16.8% during the 2nd quarter. Altrius Capital Management Inc now owns 105,665 shares of the basic materials company's stock worth $6,946,000 after buying an additional 15,174 shares during the last quarter. Creative Planning boosted its stake in shares of POSCO by 36.8% in the 3rd quarter. Creative Planning now owns 53,801 shares of the basic materials company's stock valued at $3,766,000 after purchasing an additional 14,485 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in POSCO by 152.9% in the 3rd quarter. Blue Trust Inc. now owns 17,250 shares of the basic materials company's stock valued at $1,134,000 after purchasing an additional 10,428 shares during the last quarter.

POSCO Trading Up 4.4 %

NYSE:PKX traded up $2.66 during trading hours on Monday, hitting $62.68. 292,808 shares of the company were exchanged, compared to its average volume of 135,254. The company has a fifty day simple moving average of $65.86 and a 200 day simple moving average of $67.38. POSCO Holdings Inc. has a one year low of $58.00 and a one year high of $98.00. The stock has a market capitalization of $19.02 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 0.45 and a beta of 1.42. 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 (NYSE:PKX - Get Free Report) last released its earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share for the quarter. The business had revenue of $13.50 billion during the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. Sell-side analysts expect that POSCO Holdings Inc. will post 4.99 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded POSCO from a "hold" rating to a "buy" rating in a research report on Friday.

POSCO 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.