Quadrant Capital Group LLC Sells 1,091 Shares of POSCO Holdings Inc. (NYSE:PKX)

Quadrant Capital Group LLC trimmed its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 5.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,500 shares of the basic materials company’s stock after selling 1,091 shares during the period. Quadrant Capital Group LLC’s holdings in POSCO were worth $802,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in PKX. Bank Julius Baer & Co. Ltd Zurich bought a new position in POSCO during the fourth quarter worth about $41,000. R Squared Ltd bought a new position in shares of POSCO during the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB grew its position in POSCO by 5,312.5% in 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 acquiring an additional 2,125 shares during the period. Avior Wealth Management LLC raised its stake 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 worth $97,000 after acquiring an additional 735 shares in the last quarter. Finally, PDS Planning Inc lifted its holdings in shares of POSCO by 22.4% during the fourth quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 911 shares during the period.

POSCO Stock Performance

NYSE PKX opened at $44.40 on Monday. POSCO Holdings Inc. has a 1-year low of $39.40 and a 1-year high of $75.79. The company has a 50 day moving average of $47.21 and a 200-day moving average of $52.03. 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 market cap of $13.48 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 2.14 and a beta of 1.33.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.