OVERSEA CHINESE BANKING Corp Ltd Purchases 10,696 Shares of POSCO Holdings Inc. (NYSE:PKX)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,319 shares of the basic materials company's stock after purchasing an additional 10,696 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in POSCO were worth $1,792,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in POSCO during the 4th quarter valued at $41,000. R Squared Ltd bought a new stake in shares of POSCO in the fourth quarter valued at about $46,000. Wilmington Savings Fund Society FSB lifted its stake in POSCO by 5,312.5% in the fourth 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 during the period. Avior Wealth Management LLC grew its holdings in POSCO by 49.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock worth $97,000 after acquiring an additional 735 shares in the last quarter. Finally, PDS Planning Inc increased its position in POSCO by 22.4% during the 4th quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company's stock valued at $216,000 after purchasing an additional 911 shares during the period.

POSCO Stock Up 0.2 %

Shares of NYSE:PKX traded up $0.12 on Monday, reaching $52.05. The company had a trading volume of 1,157,876 shares, compared to its average volume of 209,249. The firm has a market capitalization of $15.80 billion, a PE ratio of 23.88, a PEG ratio of 2.14 and a beta of 1.40. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. POSCO Holdings Inc. has a 52-week low of $39.40 and a 52-week high of $80.93. The firm's 50 day simple moving average is $46.51 and its 200-day simple moving average is $53.22.

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Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of POSCO from a "buy" rating to a "hold" rating in a research note on Thursday, January 2nd.

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.