Walleye Capital LLC bought a new stake in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 39,856 shares of the basic materials company's stock, valued at approximately $1,728,000.
A number of other hedge funds also recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of POSCO in the 4th quarter valued at approximately $41,000. R Squared Ltd acquired a new position in shares of POSCO during the 4th quarter worth $46,000. Wilmington Savings Fund Society FSB boosted its position in POSCO by 5,312.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company's stock worth $94,000 after purchasing an additional 2,125 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of POSCO by 49.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock worth $97,000 after purchasing an additional 735 shares in the last quarter. Finally, PDS Planning Inc lifted its holdings in POSCO by 22.4% in the 4th quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company's stock valued at $216,000 after purchasing an additional 911 shares in the last quarter.
Analyst Ratings Changes
Separately, StockNews.com downgraded POSCO from a "buy" rating to a "hold" rating in a research report on Thursday, January 2nd.
Get Our Latest Report on PKX
POSCO Stock Performance
Shares of PKX traded up $1.55 during trading hours on Wednesday, reaching $46.40. 368,083 shares of the company's stock traded hands, compared to its average volume of 246,191. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $75.56. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.14 and a beta of 1.33. The business's fifty day simple moving average is $47.67 and its two-hundred day simple moving average is $49.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35.
About POSCO
(
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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