O Shaughnessy Asset Management LLC Lowers Stock Holdings in POSCO Holdings Inc. (NYSE:PKX)

O Shaughnessy Asset Management LLC lessened its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 34.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,806 shares of the basic materials company’s stock after selling 22,180 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in POSCO were worth $1,856,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Jane Street Group LLC lifted its position in POSCO by 2,229.6% during the third quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock worth $5,610,000 after buying an additional 76,719 shares during the period. Janus Henderson Group PLC purchased a new position in shares of POSCO during the 3rd quarter worth about $3,497,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of POSCO by 19.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company’s stock worth $16,672,000 after acquiring an additional 63,336 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in POSCO by 34.9% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,319 shares of the basic materials company’s stock valued at $1,792,000 after purchasing an additional 10,696 shares during the period. Finally, American Century Companies Inc. increased its position in POSCO by 8.2% during the fourth quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company’s stock worth $16,017,000 after purchasing an additional 28,124 shares during the last quarter.

POSCO Stock Performance

Shares of NYSE:PKX opened at $44.40 on Friday. The business has a 50-day moving average of $47.21 and a two-hundred day moving average of $52.27. The firm has a market capitalization of $13.48 billion, a PE ratio of 20.37, a P/E/G ratio of 2.14 and a beta of 1.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. POSCO Holdings Inc. has a 12 month low of $39.40 and a 12 month high of $75.79.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.