Corient Private Wealth LLC Buys 1,700 Shares of POSCO Holdings Inc. (NYSE:PKX)

Corient Private Wealth LLC increased its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 30,431 shares of the basic materials company’s stock after purchasing an additional 1,700 shares during the quarter. Corient Private Wealth LLC’s holdings in POSCO were worth $1,319,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of POSCO in the 4th quarter valued at $41,000. R Squared Ltd bought a new position in shares of POSCO during the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB lifted its stake in POSCO by 5,312.5% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock valued at $94,000 after buying an additional 2,125 shares in the last quarter. Avior Wealth Management LLC boosted its stake in POSCO by 49.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 735 shares during the period. Finally, Ameritas Advisory Services LLC boosted its position in shares of POSCO by 13.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock worth $243,000 after buying an additional 645 shares during the period.

POSCO Stock Performance

NYSE PKX opened at $51.72 on Wednesday. The firm has a market capitalization of $15.70 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40. The firm’s fifty day moving average price is $46.80 and its two-hundred day moving average price is $53.08. POSCO Holdings Inc. has a 1 year low of $39.40 and a 1 year high of $80.93. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

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

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.