Wilmington Savings Fund Society FSB Grows Position in POSCO Holdings Inc. (NYSE:PKX)

Wilmington Savings Fund Society FSB raised its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 5,312.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,165 shares of the basic materials company’s stock after acquiring an additional 2,125 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in POSCO were worth $94,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in POSCO during the fourth quarter valued at about $46,000. Allspring Global Investments Holdings LLC bought a new stake in POSCO during the third quarter valued at about $49,000. GAMMA Investing LLC raised its holdings in POSCO by 138.0% during the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 505 shares during the period. Avior Wealth Management LLC raised its holdings 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 valued at $97,000 after acquiring an additional 735 shares during the period. Finally, CWM LLC raised its holdings in POSCO by 16.3% during the third quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after acquiring an additional 327 shares during the period.

POSCO Trading Up 7.9 %

Shares of PKX stock opened at $42.98 on Friday. POSCO Holdings Inc. has a 12-month low of $39.40 and a 12-month high of $86.10. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $44.49 and its 200-day moving average price is $55.88. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.93 and a beta of 1.39.

Analyst Ratings Changes

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

POSCO Company 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.