OVERSEA CHINESE BANKING Corp Ltd Has $1.79 Million Holdings in POSCO Holdings Inc. (NYSE:PKX)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in POSCO Holdings Inc. (NYSE:PKX) by 34.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,319 shares of the basic materials company’s stock after buying an additional 10,696 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in POSCO were worth $1,792,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of POSCO in the 4th quarter worth approximately $41,000. R Squared Ltd acquired a new stake in POSCO during the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB increased its holdings in POSCO by 5,312.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock valued at $94,000 after purchasing an additional 2,125 shares in the last quarter. Avior Wealth Management LLC increased its holdings in POSCO by 49.2% during the 4th 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 in the last quarter. Finally, West Family Investments Inc. acquired a new stake in POSCO during the 3rd quarter valued at $335,000.

Analyst Ratings Changes

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

POSCO Trading Up 1.6 %

PKX stock opened at $53.34 on Thursday. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 24.47, 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. The business has a fifty day moving average price of $46.14 and a 200 day moving average price of $53.45. POSCO Holdings Inc. has a fifty-two week low of $39.40 and a fifty-two week high of $81.94.

POSCO 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.