Mercer Global Advisors Inc. ADV Takes $279,000 Position in POSCO Holdings Inc. (NYSE:PKX)

Mercer Global Advisors Inc. ADV bought a new stake in shares of POSCO Holdings Inc. (NYSE:PKX – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,123 shares of the basic materials company’s stock, valued at approximately $279,000.

Other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of POSCO by 56.5% during the first quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 201 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in POSCO by 22.3% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,567 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 286 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in POSCO by 78.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 2,324 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 1,024 shares in the last quarter. Lazard Asset Management LLC bought a new stake in POSCO in the third quarter worth $95,000. Finally, Lindbrook Capital LLC boosted its holdings in POSCO by 47.5% in the fourth quarter. Lindbrook Capital LLC now owns 3,069 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 988 shares in the last quarter. 3.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PKX has been the topic of several analyst reports. StockNews.com raised POSCO from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. downgraded POSCO from a “neutral” rating to an “underweight” rating in a report on Thursday, April 13th. Finally, Morgan Stanley downgraded POSCO from an “overweight” rating to an “equal weight” rating in a report on Monday, April 3rd.

POSCO Stock Down 1.1 %

POSCO stock opened at $68.62 on Friday. The stock has a market cap of $20.76 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.37 and a current ratio of 2.06. POSCO Holdings Inc. has a one year low of $36.53 and a one year high of $80.03. The stock has a fifty day moving average of $69.92 and a 200 day moving average of $62.30.

POSCO Company Profile

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POSCO Holdings Inc engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stainless steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.