State Street Corp Has $54.70 Million Position in POSCO Holdings Inc. (NYSE:PKX)

State Street Corp grew its stake in POSCO Holdings Inc. (NYSE:PKX) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 781,503 shares of the basic materials company’s stock after buying an additional 12,193 shares during the period. State Street Corp owned 0.26% of POSCO worth $54,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PKX. Athos Capital Ltd bought a new stake in shares of POSCO during the 3rd quarter valued at about $11,373,000. Maven Securities LTD bought a new position in shares of POSCO during the 3rd quarter worth approximately $10,191,000. BNP Paribas Financial Markets boosted its holdings in shares of POSCO by 32.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock worth $17,711,000 after buying an additional 61,528 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of POSCO during the 3rd quarter worth approximately $3,497,000. Finally, Seven Grand Managers LLC bought a new stake in shares of POSCO in the 3rd quarter valued at $1,750,000.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of POSCO from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

POSCO Trading Down 2.2 %

Shares of POSCO stock opened at $44.74 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. POSCO Holdings Inc. has a 52 week low of $44.72 and a 52 week high of $96.98. The stock has a 50 day moving average price of $55.41 and a two-hundred day moving average price of $62.39. The stock has a market capitalization of $13.58 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38.

About POSCO

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.