POSCO Holdings Inc. (NYSE:PKX) Holdings Trimmed by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) by 41.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,007 shares of the basic materials company's stock after selling 9,889 shares during the quarter. Ritholtz Wealth Management's holdings in POSCO were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of POSCO during the third quarter valued at $49,000. GAMMA Investing LLC grew its position in POSCO by 138.0% in the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company's stock worth $61,000 after purchasing an additional 505 shares during the last quarter. CWM LLC increased its stake in shares of POSCO by 16.3% in the third quarter. CWM LLC now owns 2,331 shares of the basic materials company's stock valued at $163,000 after purchasing an additional 327 shares during the period. PDS Planning Inc boosted its position in shares of POSCO by 11.4% during the third quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company's stock worth $284,000 after buying an additional 416 shares during the period. Finally, West Family Investments Inc. bought a new position in POSCO in the 3rd quarter worth approximately $335,000.

POSCO Stock Up 0.1 %

PKX stock opened at $45.00 on Tuesday. The firm's 50-day moving average is $47.69 and its two-hundred day moving average is $58.79. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 0.40 and a beta of 1.40. POSCO Holdings Inc. has a 52 week low of $42.35 and a 52 week high of $86.52. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

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

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.