POSCO Holdings Inc. (NYSE:PKX) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,393 shares of the basic materials company’s stock after selling 4,000 shares during the period. Barclays PLC’s holdings in POSCO were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in POSCO during the 3rd quarter worth approximately $2,082,000. Jane Street Group LLC increased its position in shares of POSCO by 2,229.6% during the third quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock worth $5,610,000 after purchasing an additional 76,719 shares in the last quarter. State Street Corp increased its position in shares of POSCO by 1.6% during the third quarter. State Street Corp now owns 781,503 shares of the basic materials company’s stock worth $54,697,000 after purchasing an additional 12,193 shares in the last quarter. Quantinno Capital Management LP raised its stake in POSCO by 73.2% in the 3rd quarter. Quantinno Capital Management LP now owns 16,792 shares of the basic materials company’s stock valued at $1,175,000 after purchasing an additional 7,095 shares during the last quarter. Finally, Recurrent Investment Advisors LLC lifted its holdings in POSCO by 46.1% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 14,002 shares of the basic materials company’s stock valued at $980,000 after purchasing an additional 4,415 shares in the last quarter.

Analysts Set New Price Targets

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

POSCO Stock Down 1.8 %

PKX stock opened at $44.09 on Friday. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 0.58 and a beta of 1.40. The firm has a 50-day moving average of $49.17 and a two-hundred day moving average of $59.59. POSCO Holdings Inc. has a 12 month low of $42.35 and a 12 month high of $86.52. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27.

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.