Natixis Advisors LLC Acquires 3,884 Shares of POSCO Holdings Inc. (NYSE:PKX)

Natixis Advisors LLC grew its stake in POSCO Holdings Inc. (NYSE:PKX) by 17.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,599 shares of the basic materials company’s stock after acquiring an additional 3,884 shares during the period. Natixis Advisors LLC’s holdings in POSCO were worth $1,862,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PKX. Allspring Global Investments Holdings LLC acquired a new position in POSCO during the third quarter valued at approximately $49,000. GAMMA Investing LLC grew 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 valued at $61,000 after buying an additional 505 shares in the last quarter. CWM LLC increased its holdings in POSCO by 22.9% during the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after buying an additional 373 shares during the last quarter. Choreo LLC acquired a new position in POSCO during the second quarter worth $221,000. Finally, Bayesian Capital Management LP raised its position in POSCO by 23.7% during the first quarter. Bayesian Capital Management LP now owns 3,136 shares of the basic materials company’s stock worth $246,000 after acquiring an additional 600 shares in the last quarter.

Analyst Ratings Changes

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

POSCO Price Performance

NYSE:PKX opened at $54.36 on Tuesday. POSCO Holdings Inc. has a 12-month low of $49.37 and a 12-month high of $96.98. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 0.67 and a beta of 1.44. The stock’s 50 day moving average price is $62.76 and its two-hundred day moving average price is $65.10. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.

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.