Generali Investments CEE investicni spolecnost a.s. Makes New Investment in POSCO Holdings Inc. (NYSE:PKX)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in POSCO Holdings Inc. (NYSE:PKX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,380 shares of the basic materials company’s stock, valued at approximately $493,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in POSCO in the fourth quarter worth about $41,000. R Squared Ltd purchased a new stake in shares of POSCO during the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB grew its holdings in shares of POSCO by 5,312.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock valued at $94,000 after buying an additional 2,125 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of 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 buying an additional 735 shares during the last quarter. Finally, West Family Investments Inc. purchased a new stake in shares of POSCO during the third quarter valued at approximately $335,000.

POSCO Trading Up 5.6 %

NYSE:PKX opened at $53.50 on Friday. The company’s 50 day moving average price is $44.78 and its 200-day moving average price is $54.09. POSCO Holdings Inc. has a 52 week low of $39.40 and a 52 week high of $85.84. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.14 and a beta of 1.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of 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.