American Century Companies Inc. boosted its holdings in POSCO Holdings Inc. (NYSE:PKX – Free Report) by 14.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,985 shares of the basic materials company’s stock after acquiring an additional 28,498 shares during the period. American Century Companies Inc. owned 0.07% of POSCO worth $14,455,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors raised its position 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 valued at $33,000 after purchasing an additional 201 shares during the period. Tower Research Capital LLC TRC acquired a new stake in POSCO during the first quarter worth approximately $50,000. CWM LLC boosted its holdings in shares of POSCO by 29.9% during the first quarter. CWM LLC now owns 1,065 shares of the basic materials company’s stock worth $74,000 after acquiring an additional 245 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of POSCO by 37.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 442 shares during the last quarter. Finally, Wrapmanager Inc. bought a new position in shares of POSCO during the first quarter worth approximately $200,000. Institutional investors and hedge funds own 2.95% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on PKX. StockNews.com began coverage on POSCO in a report on Thursday, August 17th. They issued a “hold” rating on the stock. UBS Group downgraded shares of POSCO from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Citigroup cut shares of POSCO from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. Finally, Morgan Stanley lowered shares of POSCO from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.
POSCO Stock Down 2.3 %
PKX stock opened at $107.28 on Friday. POSCO Holdings Inc. has a 52 week low of $36.53 and a 52 week high of $133.09. The business has a 50-day simple moving average of $100.27 and a 200 day simple moving average of $79.82. The company has a quick ratio of 1.54, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. The company has a market cap of $32.45 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.71 and a beta of 1.28.
POSCO Company Profile
POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.
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