PDS Planning Inc Grows Stock Holdings in POSCO Holdings Inc. (NYSE:PKX)

PDS Planning Inc boosted its holdings in POSCO Holdings Inc. (NYSE:PKX) by 22.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,973 shares of the basic materials company’s stock after buying an additional 911 shares during the quarter. PDS Planning Inc’s holdings in POSCO were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PKX. Crossmark Global Holdings Inc. increased its holdings in shares of POSCO by 4.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 249 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in POSCO by 13.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 645 shares in the last quarter. Avior Wealth Management LLC increased its stake in POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 735 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in POSCO by 7.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,210 shares of the basic materials company’s stock worth $486,000 after purchasing an additional 820 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of POSCO during the 4th quarter worth approximately $41,000.

Analyst Upgrades and Downgrades

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

POSCO Stock Up 1.6 %

PKX opened at $53.34 on Thursday. POSCO Holdings Inc. has a one year low of $39.40 and a one year high of $81.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93. The stock has a market capitalization of $16.19 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40. The business’s 50-day simple moving average is $46.14 and its 200-day simple moving average is $53.45.

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.