AM Squared Ltd Makes New $350,000 Investment in POSCO Holdings Inc. (NYSE:PKX)

AM Squared Ltd bought a new position in POSCO Holdings Inc. (NYSE:PKX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,000 shares of the basic materials company’s stock, valued at approximately $350,000. POSCO comprises approximately 0.8% of AM Squared Ltd’s portfolio, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of POSCO in the 1st quarter worth about $27,000. Allspring Global Investments Holdings LLC purchased a new position in shares of POSCO in the 3rd quarter worth about $49,000. GAMMA Investing LLC boosted its holdings in shares of POSCO by 138.0% in the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 505 shares in the last quarter. CWM LLC boosted its holdings in shares of POSCO by 22.9% in the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 373 shares in the last quarter. Finally, Bayesian Capital Management LP boosted its holdings in shares of POSCO by 23.7% in the 1st quarter. Bayesian Capital Management LP now owns 3,136 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 600 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded POSCO from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th.

POSCO Trading Down 5.1 %

Shares of PKX stock opened at $49.69 on Friday. The stock has a market capitalization of $15.08 billion, a PE ratio of 17.44, a P/E/G ratio of 0.62 and a beta of 1.44. POSCO Holdings Inc. has a 1-year low of $49.37 and a 1-year high of $96.98. The business has a 50-day moving average of $64.20 and a 200 day moving average of $66.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.

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.