Lindbrook Capital LLC lifted its position in shares of POSCO Holdings Inc. (NYSE:PKX – Get Rating) by 47.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,069 shares of the basic materials company’s stock after purchasing an additional 988 shares during the quarter. Lindbrook Capital LLC’s holdings in POSCO were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Wipfli Financial Advisors LLC acquired a new stake in shares of POSCO during the 3rd quarter worth approximately $120,000. Virtus ETF Advisers LLC grew its holdings in shares of POSCO by 16.3% during the 3rd quarter. Virtus ETF Advisers LLC now owns 33,097 shares of the basic materials company’s stock worth $1,212,000 after purchasing an additional 4,630 shares in the last quarter. Veriti Management LLC grew its holdings in shares of POSCO by 8.0% during the 3rd quarter. Veriti Management LLC now owns 29,832 shares of the basic materials company’s stock worth $1,092,000 after purchasing an additional 2,206 shares in the last quarter. Ronald Blue Trust Inc. acquired a new stake in shares of POSCO during the 2nd quarter worth approximately $32,000. Finally, Yousif Capital Management LLC grew its holdings in shares of POSCO by 8.8% during the 3rd quarter. Yousif Capital Management LLC now owns 5,832 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 3.34% of the company’s stock.
POSCO Price Performance
POSCO stock opened at $69.74 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.05 and a quick ratio of 1.39. The company has a market capitalization of $21.10 billion, a PE ratio of 6.01 and a beta of 1.18. POSCO Holdings Inc. has a one year low of $36.53 and a one year high of $74.13. The business has a 50 day simple moving average of $62.86 and a 200 day simple moving average of $54.89.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Morgan Stanley downgraded POSCO from an “overweight” rating to an “equal weight” rating in a research report on Monday. StockNews.com assumed coverage on POSCO in a research report on Thursday, March 16th. They set a “hold” rating for the company.
POSCO Company Profile
POSCO Holdings Inc engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stainless steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.
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