Cerity Partners LLC Raises Holdings in POSCO Holdings Inc. (NYSE:PKX)

Cerity Partners LLC grew its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 16.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,459 shares of the basic materials company’s stock after buying an additional 2,138 shares during the quarter. Cerity Partners LLC’s holdings in POSCO were worth $1,082,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PKX. DMC Group LLC boosted its stake in POSCO by 1.5% in the 2nd quarter. DMC Group LLC now owns 11,111 shares of the basic materials company’s stock worth $730,000 after purchasing an additional 167 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of POSCO by 1.8% in the second quarter. Sequoia Financial Advisors LLC now owns 10,470 shares of the basic materials company’s stock valued at $688,000 after purchasing an additional 183 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of POSCO by 7.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock valued at $268,000 after buying an additional 298 shares during the period. CWM LLC raised its stake in shares of POSCO by 16.3% in the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after acquiring an additional 327 shares during the period. Finally, PDS Planning Inc boosted its stake in shares of POSCO by 11.4% in the third quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 416 shares during the period.

POSCO Stock Up 0.7 %

Shares of PKX opened at $48.10 on Thursday. The company’s fifty day moving average is $60.13 and its two-hundred day moving average is $64.05. 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 Holdings Inc. has a fifty-two week low of $46.04 and a fifty-two week high of $96.98. The firm has a market cap of $14.60 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.38.

Analysts Set New Price Targets

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

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.