Connor Clark & Lunn Investment Management Ltd. Has $976,000 Stake in POSCO Holdings Inc. (NYSE:PKX)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of POSCO Holdings Inc. (NYSE:PKXGet Rating) by 343.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,474 shares of the basic materials company’s stock after acquiring an additional 12,756 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in POSCO were worth $976,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. NS Partners Ltd boosted its holdings in shares of POSCO by 47.9% during the 1st quarter. NS Partners Ltd now owns 10,500 shares of the basic materials company’s stock valued at $622,000 after acquiring an additional 3,400 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in POSCO by 5.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 6,041 shares of the basic materials company’s stock worth $358,000 after purchasing an additional 291 shares during the last quarter. HighTower Advisors LLC raised its position in POSCO by 2.4% during the 1st quarter. HighTower Advisors LLC now owns 12,145 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 286 shares during the last quarter. American Century Companies Inc. raised its position in POSCO by 7.8% during the 1st quarter. American Century Companies Inc. now owns 51,759 shares of the basic materials company’s stock worth $3,068,000 after purchasing an additional 3,749 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in POSCO by 11.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 28,156 shares of the basic materials company’s stock worth $1,669,000 after purchasing an additional 2,815 shares during the last quarter. Institutional investors and hedge funds own 3.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet lowered POSCO from a “b-” rating to a “c+” rating in a research report on Monday, July 11th.

POSCO Stock Down 2.6 %

Shares of NYSE:PKX opened at $44.91 on Friday. The firm has a market cap of $13.59 billion, a P/E ratio of 2.21 and a beta of 1.02. The company has a quick ratio of 1.48, a current ratio of 2.16 and a debt-to-equity ratio of 0.23. POSCO Holdings Inc. has a 12-month low of $41.40 and a 12-month high of $79.87. The business has a fifty day simple moving average of $45.75 and a 200 day simple moving average of $53.17.

POSCO (NYSE:PKXGet Rating) last posted its quarterly earnings data on Friday, June 17th. The basic materials company reported $4.49 earnings per share for the quarter. POSCO had a return on equity of 13.46% and a net margin of 9.00%. The firm had revenue of $17.71 billion during the quarter.

POSCO Profile

(Get Rating)

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized sheets, electrical steel, stainless steel, and titanium.

See Also

Want to see what other hedge funds are holding PKX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for POSCO Holdings Inc. (NYSE:PKXGet Rating).

Institutional Ownership by Quarter for POSCO (NYSE:PKX)

Receive News & Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related companies with MarketBeat.com's FREE daily email newsletter.