Caprock Group LLC Decreases Stock Holdings in POSCO Holdings Inc. (NYSE:PKX)

Caprock Group LLC lessened its holdings in POSCO Holdings Inc. (NYSE:PKX) by 17.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,215 shares of the basic materials company’s stock after selling 1,105 shares during the quarter. Caprock Group LLC’s holdings in POSCO were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of POSCO in the 3rd quarter valued at about $49,000. GAMMA Investing LLC increased its stake in 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 purchasing an additional 505 shares during the last quarter. R Squared Ltd acquired a new stake in POSCO during the fourth quarter worth approximately $46,000. Avior Wealth Management LLC lifted its position in shares of POSCO by 49.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after buying an additional 735 shares during the last quarter. Finally, CWM LLC boosted its holdings 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 buying an additional 327 shares in the last quarter.

Analysts Set New Price Targets

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

POSCO Stock Up 0.5 %

POSCO stock opened at $41.93 on Friday. The company has a market capitalization of $12.73 billion, a P/E ratio of 14.71, a PEG ratio of 0.40 and a beta of 1.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 1.95. POSCO Holdings Inc. has a fifty-two week low of $40.79 and a fifty-two week high of $86.52. The stock has a 50-day simple moving average of $45.44 and a 200-day simple moving average of $56.71.

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.