Jane Street Group LLC Grows Position in POSCO Holdings Inc. (NYSE:PKX)

Jane Street Group LLC increased its position in POSCO Holdings Inc. (NYSE:PKX) by 2,229.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,160 shares of the basic materials company’s stock after buying an additional 76,719 shares during the quarter. Jane Street Group LLC’s holdings in POSCO were worth $5,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of POSCO by 1.6% in the third quarter. State Street Corp now owns 781,503 shares of the basic materials company’s stock valued at $54,697,000 after acquiring an additional 12,193 shares during the period. Quantinno Capital Management LP increased its holdings in POSCO by 73.2% during the 3rd quarter. Quantinno Capital Management LP now owns 16,792 shares of the basic materials company’s stock valued at $1,175,000 after purchasing an additional 7,095 shares during the period. Recurrent Investment Advisors LLC raised its position in POSCO by 46.1% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 14,002 shares of the basic materials company’s stock valued at $980,000 after purchasing an additional 4,415 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new stake in POSCO in the 3rd quarter worth approximately $1,052,000. Finally, Maven Securities LTD bought a new stake in shares of POSCO in the 3rd quarter worth approximately $10,191,000.

POSCO Trading Down 1.6 %

NYSE:PKX opened at $46.70 on Monday. The company has a 50-day moving average price of $56.81 and a 200-day moving average price of $62.82. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 0.58 and a beta of 1.38. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. POSCO Holdings Inc. has a 12 month low of $45.10 and a 12 month high of $96.98.

Analysts Set New Price Targets

Separately, StockNews.com downgraded POSCO from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

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.