Altrius Capital Management Inc raised its position in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 15.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 122,467 shares of the basic materials company's stock after acquiring an additional 16,802 shares during the period. POSCO comprises 2.1% of Altrius Capital Management Inc's portfolio, making the stock its 7th biggest position. Altrius Capital Management Inc's holdings in POSCO were worth $8,571,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in POSCO in the 1st quarter valued at $27,000. Allspring Global Investments Holdings LLC bought a new stake in POSCO in the 3rd quarter valued at $49,000. GAMMA Investing LLC increased its position in POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company's stock worth $61,000 after buying an additional 505 shares during the period. CWM LLC increased its position in POSCO by 22.9% during the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company's stock worth $132,000 after buying an additional 373 shares during the period. Finally, Choreo LLC bought a new position in POSCO during the 2nd quarter worth $221,000.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded POSCO from a "hold" rating to a "buy" rating in a research report on Tuesday.
Read Our Latest Analysis on POSCO
POSCO Price Performance
NYSE:PKX traded down $2.69 during trading hours on Friday, hitting $49.69. The company's stock had a trading volume of 291,981 shares, compared to its average volume of 142,924. The stock has a fifty day simple moving average of $64.41 and a 200-day simple moving average of $66.23. The company has a market capitalization of $15.08 billion, a P/E ratio of 17.39, a PEG ratio of 0.64 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. POSCO Holdings Inc. has a twelve month low of $49.37 and a twelve month high of $96.98.
POSCO Profile
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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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