4,780 Shares in POSCO Holdings Inc. (NYSE:PKX) Bought by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in shares of POSCO Holdings Inc. (NYSE:PKX) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 4,780 shares of the basic materials company’s stock, valued at approximately $335,000.

A number of other hedge funds also recently bought and sold shares of the company. AM Squared Ltd bought a new stake in POSCO during the third quarter valued at about $350,000. Natixis Advisors LLC boosted its holdings in POSCO by 17.1% during the third quarter. Natixis Advisors LLC now owns 26,599 shares of the basic materials company’s stock valued at $1,862,000 after acquiring an additional 3,884 shares during the period. Altrius Capital Management Inc boosted its holdings in POSCO by 15.9% during the third quarter. Altrius Capital Management Inc now owns 122,467 shares of the basic materials company’s stock valued at $8,571,000 after acquiring an additional 16,802 shares during the period. Victory Capital Management Inc. boosted its holdings in POSCO by 40.6% during the third quarter. Victory Capital Management Inc. now owns 19,863 shares of the basic materials company’s stock valued at $1,390,000 after acquiring an additional 5,731 shares during the period. Finally, PDS Planning Inc boosted its holdings in POSCO by 11.4% during the third quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 416 shares during the period.

Analysts Set New Price Targets

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

POSCO Stock Down 0.0 %

Shares of PKX opened at $52.25 on Wednesday. The company has a 50-day simple moving average of $63.84 and a 200-day simple moving average of $65.67. The firm has a market capitalization of $15.86 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.62 and a beta of 1.44. 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 $49.37 and a 52 week high of $96.98.

POSCO Profile

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.