Cerity Partners LLC Sells 818 Shares of POSCO Holdings Inc. (NYSE:PKX)

Cerity Partners LLC lessened its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,641 shares of the basic materials company’s stock after selling 818 shares during the period. Cerity Partners LLC’s holdings in POSCO were worth $635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Crossmark Global Holdings Inc. raised its holdings in shares of POSCO by 4.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 249 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of POSCO by 13.0% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock worth $243,000 after buying an additional 645 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 735 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in POSCO by 7.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,210 shares of the basic materials company’s stock valued at $486,000 after purchasing an additional 820 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of POSCO during the 4th quarter worth approximately $41,000.

POSCO Price Performance

Shares of POSCO stock opened at $44.84 on Monday. The company has a 50-day simple moving average of $47.56 and a two-hundred day simple moving average of $49.96. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $75.56. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded POSCO from a “buy” rating to a “hold” rating in a research note on Thursday, January 2nd.

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.