Aigen Investment Management LP Acquires New Shares in POSCO Holdings Inc. (NYSE:PKX)

Aigen Investment Management LP acquired a new stake in POSCO Holdings Inc. (NYSE:PKX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,336 shares of the basic materials company’s stock, valued at approximately $405,000.

A number of other large investors have also recently added to or reduced their stakes in PKX. R Squared Ltd acquired a new position in POSCO in the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB lifted its holdings in POSCO by 5,312.5% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock valued at $94,000 after acquiring an additional 2,125 shares during the last quarter. Avior Wealth Management LLC lifted its stake in POSCO by 49.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 735 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in POSCO by 13.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 645 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in POSCO by 4.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company’s stock worth $271,000 after purchasing an additional 249 shares in the last quarter.

Analysts Set New Price Targets

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

POSCO Stock Up 5.6 %

Shares of NYSE PKX opened at $53.50 on Friday. The stock has a market cap of $16.24 billion, a P/E ratio of 24.54, a PEG ratio of 2.14 and a beta of 1.40. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. POSCO Holdings Inc. has a 12-month low of $39.40 and a 12-month high of $85.84. The business’s fifty day simple moving average is $44.78 and its 200-day simple moving average is $54.14.

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.