Caprock Group LLC Sells 403 Shares of POSCO Holdings Inc. (NYSE:PKX)

Caprock Group LLC trimmed its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 6.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,320 shares of the basic materials company’s stock after selling 403 shares during the quarter. Caprock Group LLC’s holdings in POSCO were worth $442,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in POSCO in the third quarter valued at about $49,000. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 505 shares during the last quarter. CWM LLC grew its holdings in POSCO by 22.9% during the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 373 shares during the period. Choreo LLC bought a new stake in POSCO in the second quarter valued at approximately $221,000. Finally, Bayesian Capital Management LP raised its holdings in POSCO by 23.7% in the first quarter. Bayesian Capital Management LP now owns 3,136 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 600 shares during the period.

POSCO Stock Down 0.3 %

Shares of POSCO stock opened at $54.25 on Friday. POSCO Holdings Inc. has a 1 year low of $49.37 and a 1 year high of $96.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The company has a market capitalization of $16.47 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The business has a 50-day moving average of $63.07 and a two-hundred day moving average of $65.29.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of POSCO from a “buy” rating to a “hold” rating in a report on Wednesday.

About POSCO

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.