Quantinno Capital Management LP Acquires 7,095 Shares of POSCO Holdings Inc. (NYSE:PKX)

Quantinno Capital Management LP grew its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 73.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,792 shares of the basic materials company’s stock after buying an additional 7,095 shares during the quarter. Quantinno Capital Management LP’s holdings in POSCO were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in POSCO in the third quarter valued at approximately $49,000. GAMMA Investing LLC lifted its stake in POSCO by 138.0% in the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 505 shares during the last quarter. CWM LLC lifted its stake in POSCO by 22.9% in the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 373 shares during the last quarter. Choreo LLC acquired a new stake in shares of POSCO during the 2nd quarter worth about $221,000. Finally, Ameritas Advisory Services LLC raised its stake in POSCO by 7.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 298 shares in the last quarter.

POSCO Stock Performance

NYSE PKX opened at $47.46 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The company has a market capitalization of $14.40 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. POSCO Holdings Inc. has a 52-week low of $45.10 and a 52-week high of $96.98. The company has a 50-day simple moving average of $57.69 and a 200 day simple moving average of $63.18.

Analysts Set New Price Targets

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

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.