US Bancorp DE Decreases Position in POSCO Holdings Inc. (NYSE:PKX)

US Bancorp DE lessened its stake in POSCO Holdings Inc. (NYSE:PKX) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,180 shares of the basic materials company’s stock after selling 435 shares during the quarter. US Bancorp DE’s holdings in POSCO were worth $643,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Seven Grand Managers LLC bought a new position in shares of POSCO during the 3rd quarter worth $1,750,000. Frank Rimerman Advisors LLC bought a new position in POSCO during the second quarter worth about $1,540,000. Altrius Capital Management Inc increased its stake in shares of POSCO by 16.8% in the second quarter. Altrius Capital Management Inc now owns 105,665 shares of the basic materials company’s stock worth $6,946,000 after purchasing an additional 15,174 shares in the last quarter. Creative Planning raised its position in shares of POSCO by 36.8% in the third quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock valued at $3,766,000 after purchasing an additional 14,485 shares during the period. Finally, Blue Trust Inc. raised its position in shares of POSCO by 152.9% in the third quarter. Blue Trust Inc. now owns 17,250 shares of the basic materials company’s stock valued at $1,134,000 after purchasing an additional 10,428 shares during the period.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of POSCO from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd.

POSCO Price Performance

Shares of NYSE PKX opened at $56.79 on Monday. The stock has a fifty day moving average of $65.29 and a 200-day moving average of $66.69. The stock has a market cap of $17.24 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 0.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. POSCO Holdings Inc. has a fifty-two week low of $56.37 and a fifty-two week high of $96.98.

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.