Barclays PLC Sells 4,000 Shares of POSCO Holdings Inc. (NYSE:PKX)

Barclays PLC cut its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,393 shares of the basic materials company’s stock after selling 4,000 shares during the period. Barclays PLC’s holdings in POSCO were worth $1,707,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in POSCO during the 3rd quarter worth about $49,000. GAMMA Investing LLC increased its position in shares of POSCO by 138.0% in the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after buying an additional 505 shares in the last quarter. CWM LLC increased its position in shares of POSCO by 16.3% in the third quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after buying an additional 327 shares in the last quarter. Choreo LLC acquired a new position in POSCO during the second quarter worth $221,000. Finally, PDS Planning Inc increased its stake in POSCO by 11.4% during the 3rd quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock worth $284,000 after buying an additional 416 shares in the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of POSCO from a “hold” rating to a “buy” rating in a research report on Wednesday.

POSCO Stock Down 0.8 %

Shares of PKX opened at $43.37 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $52.58 and a two-hundred day simple moving average of $61.28. POSCO Holdings Inc. has a 52-week low of $42.74 and a 52-week high of $96.98. The company has a market capitalization of $13.16 billion, a PE ratio of 15.22, 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.