Trexquant Investment LP bought a new stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,119 shares of the basic materials company's stock, valued at approximately $1,783,000.
A number of other large investors have also made changes to their positions in PKX. Jane Street Group LLC increased its position in POSCO by 2,229.6% during 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. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of POSCO by 19.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company's stock valued at $16,672,000 after acquiring an additional 63,336 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of POSCO in the 3rd quarter valued at approximately $3,497,000. Altrius Capital Management Inc boosted its stake in POSCO by 25.2% in the 4th quarter. Altrius Capital Management Inc now owns 153,330 shares of the basic materials company's stock worth $6,648,000 after purchasing an additional 30,863 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in POSCO during the 3rd quarter worth approximately $2,082,000.
POSCO Stock Performance
PKX traded down $0.65 on Monday, reaching $44.98. 162,792 shares of the stock were exchanged, compared to its average volume of 242,291. The company's 50-day moving average price is $47.17 and its 200 day moving average price is $50.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. The firm has a market capitalization of $13.65 billion, a PE ratio of 20.63, a PEG ratio of 2.14 and a beta of 1.33. POSCO Holdings Inc. has a fifty-two week low of $39.40 and a fifty-two week high of $75.56.
Analyst Ratings Changes
Separately, StockNews.com cut shares of POSCO from a "buy" rating to a "hold" rating in a report on Thursday, January 2nd.
Read Our Latest Report on POSCO
POSCO Profile
(
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.
Further Reading
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