Public Employees Retirement System of Ohio Makes New $2.08 Million Investment in POSCO Holdings Inc. (NYSE:PKX)

Public Employees Retirement System of Ohio acquired a new stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,745 shares of the basic materials company's stock, valued at approximately $2,082,000.

A number of other institutional investors also recently added to or reduced their stakes in PKX. Athos Capital Ltd purchased a new stake in shares of POSCO during the 3rd quarter worth approximately $11,373,000. Maven Securities LTD purchased a new stake in POSCO in the 3rd quarter valued at approximately $10,191,000. Jane Street Group LLC lifted its stake in POSCO by 2,229.6% in the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company's stock valued at $5,610,000 after buying an additional 76,719 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in POSCO by 32.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company's stock valued at $17,711,000 after buying an additional 61,528 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in POSCO in the 3rd quarter valued at approximately $3,497,000.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded POSCO from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th.

POSCO Stock Down 2.2 %

Shares of POSCO stock traded down $0.99 during trading hours on Wednesday, hitting $44.74. 525,520 shares of the company's stock traded hands, compared to its average volume of 166,980. The company has a market cap of $13.58 billion, a PE ratio of 15.70, a PEG ratio of 0.58 and a beta of 1.38. POSCO Holdings Inc. has a twelve month low of $44.72 and a twelve month high of $96.98. The stock has a 50 day simple moving average of $55.89 and a 200-day simple moving average of $62.52. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.

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.