BNP Paribas Financial Markets Increases Stake in POSCO Holdings Inc. (NYSE:PKX)

BNP Paribas Financial Markets increased its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 32.1% during the third quarter, Holdings Channel reports. The institutional investor owned 253,054 shares of the basic materials company’s stock after buying an additional 61,528 shares during the quarter. BNP Paribas Financial Markets’ holdings in POSCO were worth $17,711,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PKX. Allspring Global Investments Holdings LLC acquired a new stake in shares of POSCO in the 3rd quarter valued at $49,000. GAMMA Investing LLC lifted its holdings in 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 buying an additional 505 shares during 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. Choreo LLC purchased a new position in shares of POSCO in the 2nd quarter valued at about $221,000. Finally, Ameritas Advisory Services LLC raised its position in shares of POSCO by 7.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 298 shares in the last quarter.

POSCO Price Performance

Shares of NYSE:PKX opened at $51.62 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. POSCO Holdings Inc. has a 12 month low of $49.37 and a 12 month high of $96.98. The firm has a market capitalization of $15.67 billion, a P/E ratio of 18.11, a P/E/G ratio of 0.66 and a beta of 1.44. The company’s fifty day moving average price is $61.46 and its 200 day moving average price is $64.59.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of POSCO from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

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.