Fmr LLC Acquires 6,368 Shares of POSCO Holdings Inc. (NYSE:PKX)

Fmr LLC raised its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 53.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,285 shares of the basic materials company’s stock after acquiring an additional 6,368 shares during the period. Fmr LLC’s holdings in POSCO were worth $1,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PKX. Ameritas Advisory Services LLC boosted its holdings 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 valued at $268,000 after acquiring an additional 298 shares during the period. CWM LLC lifted its position in POSCO by 16.3% in the third quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 327 shares during the last quarter. PDS Planning Inc boosted its stake in shares of POSCO by 11.4% during 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 worth $603,000 after purchasing an additional 435 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of POSCO by 138.0% in the third 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 Upgrades and Downgrades

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

POSCO Stock Performance

POSCO stock opened at $46.71 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The firm has a market cap of $14.18 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.58 and a beta of 1.38. POSCO Holdings Inc. has a 1-year low of $45.10 and a 1-year high of $96.98. The firm has a 50-day moving average of $56.35 and a 200-day moving average of $62.67.

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.