Envestnet Asset Management Inc. Sells 15,482 Shares of POSCO Holdings Inc. (NYSE:PKX)

Envestnet Asset Management Inc. trimmed its stake in shares of POSCO Holdings Inc. (NYSE:PKX – Get Rating) by 22.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,510 shares of the basic materials company’s stock after selling 15,482 shares during the period. Envestnet Asset Management Inc.’s holdings in POSCO were worth $2,915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CWM LLC increased 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 purchasing an additional 271 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of POSCO by 56.5% during the 1st quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 201 shares in the last quarter. Ronald Blue Trust Inc. boosted its position in shares of POSCO by 22.3% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,567 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 286 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of POSCO in the third quarter valued at $95,000. Finally, Janiczek Wealth Management LLC increased its position in POSCO by 78.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 2,324 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 1,024 shares during the last quarter. 3.34% of the stock is currently owned by institutional investors.

POSCO Trading Up 2.0 %

PKX stock opened at $69.59 on Thursday. POSCO Holdings Inc. has a twelve month low of $36.53 and a twelve month high of $80.03. The stock has a market capitalization of $21.05 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.18. The company has a quick ratio of 1.37, a current ratio of 2.06 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $68.88 and its two-hundred day simple moving average is $61.39.

Wall Street Analysts Forecast Growth

PKX has been the subject of several research reports. StockNews.com started coverage on shares of POSCO in a research report on Thursday. They set a “buy” rating for the company. Morgan Stanley lowered POSCO from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 3rd. Finally, JPMorgan Chase & Co. downgraded POSCO from a “neutral” rating to an “underweight” rating in a research report on Thursday, April 13th.

POSCO Company 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.