Sequoia Financial Advisors LLC Boosts Stake in POSCO Holdings Inc. (NYSE:PKX)

Sequoia Financial Advisors LLC lifted its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,210 shares of the basic materials company’s stock after acquiring an additional 820 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in POSCO were worth $486,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Athos Capital Ltd acquired a new stake in shares of POSCO during the third quarter worth approximately $11,373,000. Maven Securities LTD bought a new position in POSCO during the 3rd quarter valued at $10,191,000. Jane Street Group LLC grew its holdings in POSCO by 2,229.6% during the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock worth $5,610,000 after acquiring an additional 76,719 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of POSCO by 32.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock worth $17,711,000 after purchasing an additional 61,528 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of POSCO in the 3rd quarter valued at about $3,497,000.

Wall Street Analysts Forecast Growth

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

POSCO Price Performance

Shares of 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 company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40. POSCO Holdings Inc. has a twelve month low of $39.40 and a twelve month high of $81.94. The business has a 50 day simple moving average of $45.97 and a 200-day simple moving average of $53.45.

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.