POSCO Holdings Inc. (NYSE:PKX) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 100,956 shares of the basic materials company’s stock after purchasing an additional 24,767 shares during the period. Van ECK Associates Corp’s holdings in POSCO were worth $4,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in POSCO by 1.6% during the 3rd quarter. State Street Corp now owns 781,503 shares of the basic materials company’s stock valued at $54,697,000 after acquiring an additional 12,193 shares in the last quarter. BNP Paribas Financial Markets grew its stake in POSCO by 32.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock valued at $17,711,000 after acquiring an additional 61,528 shares in the last quarter. Athos Capital Ltd purchased a new stake in POSCO during the 3rd quarter valued at about $11,373,000. Maven Securities LTD purchased a new stake in POSCO during the 3rd quarter valued at about $10,191,000. Finally, Altrius Capital Management Inc grew its stake in POSCO by 15.9% during the 3rd quarter. Altrius Capital Management Inc now owns 122,467 shares of the basic materials company’s stock valued at $8,571,000 after acquiring an additional 16,802 shares in the last quarter.

POSCO Stock Performance

POSCO stock opened at $43.39 on Wednesday. The firm has a 50 day simple moving average of $44.28 and a 200-day simple moving average of $55.33. POSCO Holdings Inc. has a 1-year low of $39.40 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.95 and a quick ratio of 1.35. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.93 and a beta of 1.39.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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.