Rhumbline Advisers Has $1.84 Million Position in POSCO Holdings Inc. (NYSE:PKX)

Rhumbline Advisers increased its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,462 shares of the basic materials company’s stock after buying an additional 2,168 shares during the quarter. Rhumbline Advisers’ holdings in POSCO were worth $1,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of POSCO by 32.5% during the 4th quarter. Van ECK Associates Corp now owns 100,956 shares of the basic materials company’s stock worth $4,377,000 after buying an additional 24,767 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of POSCO by 5,312.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock worth $94,000 after acquiring an additional 2,125 shares during the period. R Squared Ltd bought a new position in shares of POSCO in the fourth quarter valued at about $46,000. Blue Trust Inc. grew its position in shares of POSCO by 28.3% in the fourth quarter. Blue Trust Inc. now owns 22,137 shares of the basic materials company’s stock valued at $960,000 after purchasing an additional 4,887 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of POSCO by 49.2% during the fourth 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 in the last quarter.

Wall Street Analyst Weigh In

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

POSCO Price Performance

POSCO stock opened at $45.71 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93. POSCO Holdings Inc. has a 52 week low of $39.40 and a 52 week high of $86.10. The stock has a market capitalization of $13.87 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.14 and a beta of 1.39. The stock has a fifty day moving average of $44.36 and a 200-day moving average of $54.36.

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.