Signaturefd LLC Cuts Position in POSCO Holdings Inc. (NYSE:PKX)

Signaturefd LLC lessened its stake in POSCO Holdings Inc. (NYSE:PKX) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,960 shares of the basic materials company’s stock after selling 1,116 shares during the quarter. Signaturefd LLC’s holdings in POSCO were worth $952,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich purchased a new position in POSCO during the 4th quarter valued at about $41,000. R Squared Ltd purchased a new position in POSCO during the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB increased its holdings in POSCO by 5,312.5% during the 4th 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 in the last quarter. Avior Wealth Management LLC increased its holdings in POSCO by 49.2% during the 4th 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 in the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in POSCO by 13.0% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 645 shares in the last quarter.

Analyst Ratings Changes

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

POSCO Stock Performance

NYSE:PKX opened at $52.46 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $45.97 and a two-hundred day moving average price of $53.45. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $81.94. The company has a market capitalization of $15.92 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40.

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.