Assetmark Inc. Sells 370 Shares of POSCO Holdings Inc. (NYSE:PKX)

Assetmark Inc. reduced its stake in POSCO Holdings Inc. (NYSE:PKXGet Rating) by 21.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,364 shares of the basic materials company’s stock after selling 370 shares during the period. Assetmark Inc.’s holdings in POSCO were worth $50,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of POSCO by 58.4% in the third quarter. CWM LLC now owns 735 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 271 shares during the period. Ronald Blue Trust Inc. bought a new position in shares of POSCO in the second quarter worth $32,000. Captrust Financial Advisors boosted its holdings in shares of POSCO by 56.5% in the first quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 201 shares during the period. Group One Trading L.P. bought a new position in shares of POSCO in the second quarter worth $40,000. Finally, EverSource Wealth Advisors LLC boosted its stake in POSCO by 617.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,960 shares of the basic materials company’s stock valued at $88,000 after buying an additional 1,687 shares during the period. 3.34% of the stock is owned by institutional investors.

POSCO Price Performance

NYSE:PKX opened at $62.85 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.36 and a current ratio of 2.01. The stock has a fifty day moving average of $56.05 and a 200 day moving average of $48.47. POSCO Holdings Inc. has a 52-week low of $36.53 and a 52-week high of $62.85. The firm has a market capitalization of $19.01 billion, a price-to-earnings ratio of 4.60 and a beta of 1.17.

POSCO (NYSE:PKXGet Rating) last issued its quarterly earnings results on Monday, October 24th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter. POSCO had a return on equity of 9.56% and a net margin of 6.29%. The firm had revenue of $15.80 billion during the quarter. On average, research analysts expect that POSCO Holdings Inc. will post 12.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PKX. JPMorgan Chase & Co. lowered POSCO from an “overweight” rating to a “neutral” rating in a research note on Monday, October 24th. StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th. Finally, TheStreet raised POSCO from a “c+” rating to a “b-” rating in a research note on Friday, November 18th.

POSCO Profile

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POSCO Holdings Inc engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stainless steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.

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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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