Ovata Capital Management Ltd Makes New $4.79 Million Investment in POSCO Holdings Inc. (NYSE:PKX)

Ovata Capital Management Ltd purchased a new position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 110,485 shares of the basic materials company's stock, valued at approximately $4,791,000. POSCO accounts for about 1.8% of Ovata Capital Management Ltd's portfolio, making the stock its 16th biggest position.

A number of other large investors also recently modified their holdings of the business. Crossmark Global Holdings Inc. increased its stake in POSCO by 4.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company's stock valued at $271,000 after buying an additional 249 shares during the period. Ameritas Advisory Services LLC raised its holdings in POSCO by 13.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company's stock worth $243,000 after purchasing an additional 645 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 worth $97,000 after purchasing an additional 735 shares during the period. Sequoia Financial Advisors LLC boosted its stake in POSCO by 7.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,210 shares of the basic materials company's stock valued at $486,000 after purchasing an additional 820 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of POSCO during the 4th quarter valued at $41,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered POSCO from a "buy" rating to a "hold" rating in a report on Thursday, January 2nd.

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POSCO Price Performance

PKX stock traded down $2.00 on Thursday, hitting $43.60. 194,482 shares of the company's stock traded hands, compared to its average volume of 239,382. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.14 and a beta of 1.33. POSCO Holdings Inc. has a 1-year low of $39.40 and a 1-year high of $75.56. The stock has a fifty day moving average of $47.05 and a 200-day moving average of $51.36.

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.