Shares of POSCO Holdings Inc. (NYSE:PKX – Get Free Report) saw strong trading volume on Thursday . 146,517 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 135,580 shares.The stock last traded at $60.38 and had previously closed at $60.82.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of POSCO from a “hold” rating to a “buy” rating in a research note on Friday, October 25th.
POSCO Stock Down 1.3 %
Institutional Trading of POSCO
Large investors have recently modified their holdings of the business. Altrius Capital Management Inc raised its stake in POSCO by 16.8% in the second quarter. Altrius Capital Management Inc now owns 105,665 shares of the basic materials company’s stock valued at $6,946,000 after purchasing an additional 15,174 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of POSCO by 8.3% in the 2nd quarter. Van ECK Associates Corp now owns 84,420 shares of the basic materials company’s stock worth $5,550,000 after purchasing an additional 6,440 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of POSCO by 917.1% during the 1st quarter. BNP Paribas Financial Markets now owns 61,565 shares of the basic materials company’s stock valued at $4,828,000 after purchasing an additional 55,512 shares during the last quarter. Creative Planning raised its holdings in shares of POSCO by 36.8% during the 3rd quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock valued at $3,766,000 after buying an additional 14,485 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in POSCO by 15.6% in the second quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company’s stock worth $2,586,000 after buying an additional 5,295 shares in the last quarter.
POSCO Company Profile
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.
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