Victory Capital Management Inc. Increases Stake in POSCO Holdings Inc. (NYSE:PKX)

Victory Capital Management Inc. grew its stake in POSCO Holdings Inc. (NYSE:PKX) by 40.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,863 shares of the basic materials company’s stock after purchasing an additional 5,731 shares during the period. Victory Capital Management Inc.’s holdings in POSCO were worth $1,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in POSCO during the third quarter worth $49,000. GAMMA Investing LLC boosted its stake in shares of POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 505 shares in the last quarter. CWM LLC grew its position in shares of POSCO by 22.9% during the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 373 shares during the period. Choreo LLC purchased a new position in shares of POSCO in the 2nd quarter valued at about $221,000. Finally, Bayesian Capital Management LP raised its holdings in POSCO by 23.7% in the 1st quarter. Bayesian Capital Management LP now owns 3,136 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 600 shares during the period.

POSCO Price Performance

Shares of NYSE PKX opened at $54.36 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The firm has a market cap of $16.50 billion, a PE ratio of 19.07, a PEG ratio of 0.67 and a beta of 1.44. POSCO Holdings Inc. has a one year low of $49.37 and a one year high of $96.98. The firm has a fifty day moving average of $62.76 and a 200 day moving average of $65.10.

Analyst Upgrades and Downgrades

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

POSCO Company 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.