Quadrant Capital Group LLC Sells 1,091 Shares of POSCO Holdings Inc. (NYSE:PKX)

Quadrant Capital Group LLC trimmed its stake in POSCO Holdings Inc. (NYSE:PKX) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,500 shares of the basic materials company’s stock after selling 1,091 shares during the period. Quadrant Capital Group LLC’s holdings in POSCO were worth $802,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PKX. FMR LLC lifted its stake in shares of POSCO by 53.4% in the third quarter. FMR LLC now owns 18,285 shares of the basic materials company’s stock worth $1,280,000 after buying an additional 6,368 shares during the last quarter. Centiva Capital LP acquired a new position in POSCO during the 3rd quarter worth $463,000. Janus Henderson Group PLC bought a new stake in POSCO during the third quarter valued at about $3,497,000. Quantinno Capital Management LP grew its position in shares of POSCO by 73.2% in the third quarter. Quantinno Capital Management LP now owns 16,792 shares of the basic materials company’s stock valued at $1,175,000 after purchasing an additional 7,095 shares during the last quarter. Finally, State Street Corp increased its stake in shares of POSCO by 1.6% in the third quarter. State Street Corp now owns 781,503 shares of the basic materials company’s stock worth $54,697,000 after purchasing an additional 12,193 shares during the period.

POSCO Trading Down 1.6 %

Shares of PKX stock opened at $44.40 on Monday. 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 1 year low of $39.40 and a 1 year high of $75.79. The firm’s fifty day simple moving average is $47.21 and its 200 day simple moving average is $52.03. The firm has a market capitalization of $13.48 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33.

Analyst Upgrades and Downgrades

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

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.