Rhumbline Advisers Acquires 2,168 Shares of POSCO Holdings Inc. (NYSE:PKX)

Rhumbline Advisers lifted its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,462 shares of the basic materials company’s stock after purchasing an additional 2,168 shares during the period. Rhumbline Advisers’ holdings in POSCO were worth $1,841,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of POSCO during the third quarter worth $49,000. PDS Planning Inc lifted its position in shares of POSCO by 11.4% during the 3rd quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 416 shares during the period. Victory Capital Management Inc. boosted its stake in POSCO by 40.6% during the third quarter. Victory Capital Management Inc. now owns 19,863 shares of the basic materials company’s stock worth $1,390,000 after acquiring an additional 5,731 shares in the last quarter. Altrius Capital Management Inc grew its holdings in POSCO by 15.9% in the third quarter. Altrius Capital Management Inc now owns 122,467 shares of the basic materials company’s stock worth $8,571,000 after purchasing an additional 16,802 shares during the period. Finally, Natixis Advisors LLC raised its stake in POSCO by 17.1% during the 3rd quarter. Natixis Advisors LLC now owns 26,599 shares of the basic materials company’s stock worth $1,862,000 after buying an additional 3,884 shares during the period.

POSCO Price Performance

Shares of NYSE PKX opened at $45.71 on Tuesday. The company has a market capitalization of $13.87 billion, a PE ratio of 20.97, a PEG ratio of 2.14 and a beta of 1.39. The stock’s 50 day moving average price is $44.36 and its 200-day moving average price is $54.36. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $86.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of POSCO from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd.

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.