State Street Corp Raises Stock Position in POSCO Holdings Inc. (NYSE:PKX)

State Street Corp increased its position in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 781,503 shares of the basic materials company's stock after acquiring an additional 12,193 shares during the period. State Street Corp owned approximately 0.26% of POSCO worth $54,697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC grew its holdings in POSCO by 7.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company's stock valued at $268,000 after buying an additional 298 shares during the last quarter. CWM LLC increased its position in POSCO by 16.3% during the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company's stock worth $163,000 after purchasing an additional 327 shares in the last quarter. PDS Planning Inc raised its stake in POSCO by 11.4% in the 3rd quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company's stock valued at $284,000 after purchasing an additional 416 shares during the last quarter. Profund Advisors LLC lifted its holdings in POSCO by 5.0% in the 2nd quarter. Profund Advisors LLC now owns 9,174 shares of the basic materials company's stock valued at $603,000 after purchasing an additional 435 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 505 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered POSCO from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

POSCO Trading Up 0.8 %

Shares of PKX stock traded up $0.38 during trading hours on Thursday, hitting $45.12. 158,979 shares of the company were exchanged, compared to its average volume of 167,248. The firm has a fifty day moving average of $55.41 and a 200 day moving average of $62.39. 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 Holdings Inc. has a 1 year low of $44.72 and a 1 year high of $96.98. The firm has a market cap of $13.69 billion, a PE ratio of 15.83, a PEG ratio of 0.58 and a beta of 1.38.

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.