Ritholtz Wealth Management Sells 9,889 Shares of POSCO Holdings Inc. (NYSE:PKX)

Ritholtz Wealth Management lowered its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 41.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,007 shares of the basic materials company’s stock after selling 9,889 shares during the quarter. Ritholtz Wealth Management’s holdings in POSCO were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of PKX. XTX Topco Ltd raised its position in shares of POSCO by 97.2% in the 2nd quarter. XTX Topco Ltd now owns 5,928 shares of the basic materials company’s stock worth $390,000 after acquiring an additional 2,922 shares in the last quarter. Profund Advisors LLC raised its holdings in POSCO by 5.0% in the second quarter. Profund Advisors LLC now owns 9,174 shares of the basic materials company’s stock worth $603,000 after purchasing an additional 435 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in POSCO during the second quarter valued at $1,540,000. Marshall Wace LLP boosted its holdings in shares of POSCO by 15.6% during the 2nd quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company’s stock valued at $2,586,000 after buying an additional 5,295 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of POSCO by 43,007.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,035 shares of the basic materials company’s stock worth $397,000 after buying an additional 6,021 shares during the period.

POSCO Stock Performance

POSCO stock opened at $45.00 on Tuesday. The stock’s 50 day moving average is $47.69 and its 200 day moving average is $58.79. The company has a market capitalization of $13.66 billion, a P/E ratio of 15.79, a PEG ratio of 0.39 and a beta of 1.40. POSCO Holdings Inc. has a twelve month low of $42.35 and a twelve month high of $86.52. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

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

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.