Crossmark Global Holdings Inc. Sells 11,141 Shares of POSCO Holdings Inc. (NYSE:PKX)

Crossmark Global Holdings Inc. reduced its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 65.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,008 shares of the basic materials company’s stock after selling 11,141 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in POSCO were worth $421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PKX. Headlands Technologies LLC bought a new stake in POSCO during the first quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC purchased a new position in shares of POSCO during the 3rd quarter worth $49,000. GAMMA Investing LLC grew its position in shares of POSCO by 138.0% during the 3rd 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 period. CWM LLC grew 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 valued at $132,000 after acquiring an additional 373 shares during the period. Finally, Bayesian Capital Management LP increased its stake in shares of POSCO by 23.7% in the 1st quarter. Bayesian Capital Management LP now owns 3,136 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 600 shares in the last quarter.

POSCO Trading Down 5.1 %

Shares of NYSE:PKX opened at $49.69 on Friday. POSCO Holdings Inc. has a 12-month low of $49.37 and a 12-month high of $96.98. The company has a market cap of $15.08 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.64 and a beta of 1.44. The stock has a 50 day moving average of $64.20 and a 200 day moving average of $66.06. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27.

Wall Street Analyst Weigh In

Separately, StockNews.com raised POSCO from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th.

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.