OVERSEA CHINESE BANKING Corp Ltd Buys 10,696 Shares of POSCO Holdings Inc. (NYSE:PKX)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in POSCO Holdings Inc. (NYSE:PKX) by 34.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,319 shares of the basic materials company’s stock after purchasing 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 quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PKX. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of POSCO in the 4th quarter worth $41,000. R Squared Ltd bought a new position in shares of POSCO in the 4th quarter worth $46,000. Wilmington Savings Fund Society FSB boosted its position in shares of POSCO by 5,312.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock worth $94,000 after purchasing an additional 2,125 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of POSCO by 49.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 735 shares during the last quarter. Finally, PDS Planning Inc boosted its position in shares of POSCO by 22.4% in the 4th quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 911 shares during the last quarter.

Analyst Upgrades and Downgrades

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

POSCO Stock Performance

Shares of POSCO stock opened at $53.34 on Thursday. The company has a market capitalization of $16.19 billion, a PE ratio of 24.47, a PEG ratio of 2.14 and a beta of 1.40. POSCO Holdings Inc. has a 12 month low of $39.40 and a 12 month high of $81.94. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $46.14 and its 200 day simple moving average is $53.45.

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.