State Street Corp Raises Stock Holdings in POSCO Holdings Inc. (NYSE:PKX)

State Street Corp raised its holdings in POSCO Holdings Inc. (NYSE:PKX) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 781,503 shares of the basic materials company’s stock after purchasing an additional 12,193 shares during the quarter. State Street Corp’s holdings in POSCO were worth $54,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in POSCO by 73.2% in the third quarter. Quantinno Capital Management LP now owns 16,792 shares of the basic materials company’s stock valued at $1,175,000 after acquiring an additional 7,095 shares during the last quarter. Recurrent Investment Advisors LLC lifted its stake in POSCO by 46.1% in the third 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 bought a new position in POSCO during the third quarter valued at $1,052,000. Maven Securities LTD bought a new position in POSCO during the third quarter valued at $10,191,000. Finally, Janus Henderson Group PLC purchased a new stake in POSCO in the third quarter worth $3,497,000.

Analyst Ratings Changes

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

POSCO Price Performance

PKX opened at $44.74 on Thursday. The firm has a 50-day moving average price of $55.41 and a 200-day moving average price of $62.39. POSCO Holdings Inc. has a twelve month low of $44.72 and a twelve month high of $96.98. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $13.58 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.58 and a beta of 1.38.

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.