Gilman Hill Asset Management LLC Trims Holdings in POSCO Holdings Inc. (NYSE:PKX)

Gilman Hill Asset Management LLC cut its holdings in POSCO Holdings Inc. (NYSE:PKX) by 14.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,029 shares of the basic materials company’s stock after selling 3,425 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in POSCO were worth $912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in POSCO in the 3rd quarter worth about $49,000. GAMMA Investing LLC boosted its stake in POSCO by 138.0% in the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 505 shares in the last quarter. CWM LLC boosted its stake in POSCO by 16.3% in the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 327 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in POSCO by 13.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 645 shares in the last quarter. Finally, PDS Planning Inc boosted its stake in POSCO by 11.4% in the 3rd quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock worth $284,000 after purchasing an additional 416 shares in the last quarter.

POSCO Price Performance

PKX opened at $45.00 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 1.95. The stock has a market capitalization of $13.66 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.39 and a beta of 1.40. The company’s 50-day simple moving average is $47.69 and its two-hundred day simple moving average is $58.79. POSCO Holdings Inc. has a 52-week low of $42.35 and a 52-week high of $86.52.

Analyst Ratings Changes

Separately, StockNews.com cut shares of POSCO from a “buy” rating to a “hold” rating in a research note 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.