Aigen Investment Management LP Purchases Shares of 9,336 POSCO Holdings Inc. (NYSE:PKX)

Aigen Investment Management LP purchased a new stake in POSCO Holdings Inc. (NYSE:PKX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,336 shares of the basic materials company’s stock, valued at approximately $405,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC raised its stake in POSCO by 2,229.6% in the third quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock valued at $5,610,000 after buying an additional 76,719 shares in the last quarter. Athos Capital Ltd acquired a new stake in POSCO in the third quarter valued at $11,373,000. Janus Henderson Group PLC acquired a new stake in POSCO in the third quarter valued at $3,497,000. BNP Paribas Financial Markets raised its stake in POSCO by 32.1% in the third quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock valued at $17,711,000 after buying an additional 61,528 shares in the last quarter. Finally, Maven Securities LTD acquired a new stake in POSCO in the third quarter valued at $10,191,000.

POSCO Stock Up 5.6 %

PKX opened at $53.50 on Friday. The business’s 50-day simple moving average is $44.78 and its 200-day simple moving average is $54.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93. POSCO Holdings Inc. has a one year low of $39.40 and a one year high of $85.84. The stock has a market capitalization of $16.24 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut POSCO from a “buy” rating to a “hold” rating in a research note 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.