BNP Paribas Financial Markets Raises Stock Holdings in POSCO Holdings Inc. (NYSE:PKX)

BNP Paribas Financial Markets raised its stake in POSCO Holdings Inc. (NYSE:PKX) by 32.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 253,054 shares of the basic materials company’s stock after buying an additional 61,528 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of POSCO worth $17,711,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. FMR LLC lifted its holdings in shares of POSCO by 53.4% in the 3rd quarter. FMR LLC now owns 18,285 shares of the basic materials company’s stock worth $1,280,000 after acquiring an additional 6,368 shares during the last quarter. Cerity Partners LLC raised its position in POSCO by 16.0% in the third quarter. Cerity Partners LLC now owns 15,459 shares of the basic materials company’s stock valued at $1,082,000 after purchasing an additional 2,138 shares during the period. West Family Investments Inc. acquired a new position in POSCO during the third quarter worth $335,000. AM Squared Ltd purchased a new position in shares of POSCO during the third quarter worth $350,000. Finally, Natixis Advisors LLC grew its stake in shares of POSCO by 17.1% in the third quarter. Natixis Advisors LLC now owns 26,599 shares of the basic materials company’s stock valued at $1,862,000 after buying an additional 3,884 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

POSCO Trading Down 3.7 %

NYSE PKX opened at $51.62 on Friday. POSCO Holdings Inc. has a one year low of $49.37 and a one year high of $96.98. The firm has a 50 day simple moving average of $61.46 and a 200-day simple moving average of $64.59. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 0.66 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.

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.