POSCO Holdings Inc. (NYSE:PKX) Stake Raised by Altrius Capital Management Inc

Altrius Capital Management Inc lifted its position in POSCO Holdings Inc. (NYSE:PKX) by 15.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 122,467 shares of the basic materials company’s stock after buying an additional 16,802 shares during the quarter. POSCO accounts for approximately 2.1% of Altrius Capital Management Inc’s portfolio, making the stock its 7th biggest position. Altrius Capital Management Inc’s holdings in POSCO were worth $8,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of POSCO during the 1st quarter worth about $27,000. Allspring Global Investments Holdings LLC acquired a new position in shares of POSCO during the 3rd quarter worth about $49,000. GAMMA Investing LLC boosted its position in shares of POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 505 shares in the last quarter. CWM LLC boosted its position in shares of POSCO by 22.9% during the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 373 shares in the last quarter. Finally, Choreo LLC acquired a new stake in shares of POSCO in the 2nd quarter valued at about $221,000.

Wall Street Analyst Weigh In

Separately, StockNews.com raised POSCO from a “hold” rating to a “buy” rating in a research report on Tuesday.

POSCO Stock Performance

Shares of PKX stock traded down $2.82 during trading hours on Friday, reaching $49.56. 105,985 shares of the company’s stock were exchanged, compared to its average volume of 141,870. The company has a market cap of $15.04 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 0.64 and a beta of 1.44. The company’s 50 day moving average is $64.41 and its two-hundred day moving average is $66.23. POSCO Holdings Inc. has a 1 year low of $49.45 and a 1 year high of $96.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.

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.