Public Employees Retirement System of Ohio Buys Shares of 29,745 POSCO Holdings Inc. (NYSE:PKX)

Public Employees Retirement System of Ohio purchased a new position in shares of POSCO Holdings Inc. (NYSE:PKX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 29,745 shares of the basic materials company’s stock, valued at approximately $2,082,000.

A number of other institutional investors have also modified their holdings of PKX. Ameritas Advisory Services LLC lifted its stake in POSCO by 7.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 298 shares in the last quarter. CWM LLC lifted its position in shares of POSCO by 16.3% during the third 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. PDS Planning Inc boosted its stake in shares of POSCO by 11.4% in the third quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 416 shares during the period. Profund Advisors LLC grew its holdings in shares of POSCO by 5.0% in the second quarter. Profund Advisors LLC now owns 9,174 shares of the basic materials company’s stock valued at $603,000 after purchasing an additional 435 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after buying an additional 505 shares during the period.

Analyst Ratings Changes

Separately, StockNews.com cut shares of POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

POSCO Trading Down 2.1 %

PKX opened at $45.73 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.58 and a beta of 1.38. The business has a fifty day moving average price of $55.89 and a 200 day moving average price of $62.52. POSCO Holdings Inc. has a 12 month low of $45.10 and a 12 month high of $96.98.

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.