Ovata Capital Management Ltd Makes New $4.79 Million Investment in POSCO Holdings Inc. (NYSE:PKX)

Ovata Capital Management Ltd bought a new stake in POSCO Holdings Inc. (NYSE:PKX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 110,485 shares of the basic materials company’s stock, valued at approximately $4,791,000. POSCO accounts for about 1.8% of Ovata Capital Management Ltd’s portfolio, making the stock its 16th biggest position.

Several other institutional investors have also recently made changes to their positions in PKX. Trexquant Investment LP bought a new stake in POSCO in the fourth quarter worth about $1,783,000. LPL Financial LLC boosted its holdings in POSCO by 145.8% during the 4th quarter. LPL Financial LLC now owns 9,904 shares of the basic materials company’s stock valued at $429,000 after acquiring an additional 5,874 shares during the period. American Century Companies Inc. grew its position in POSCO by 8.2% in the 4th quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company’s stock valued at $16,017,000 after acquiring an additional 28,124 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in POSCO by 34.9% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 41,319 shares of the basic materials company’s stock worth $1,792,000 after purchasing an additional 10,696 shares during the period. Finally, PDS Planning Inc lifted its position 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 worth $216,000 after purchasing an additional 911 shares during the last quarter.

POSCO Stock Performance

POSCO stock opened at $44.40 on Friday. POSCO Holdings Inc. has a fifty-two week low of $39.40 and a fifty-two week high of $75.79. The company has a market capitalization of $13.48 billion, a PE ratio of 20.37, a P/E/G ratio of 2.14 and a beta of 1.40. The company has a 50 day moving average price of $47.21 and a 200-day moving average price of $52.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of POSCO from a “buy” rating to a “hold” rating in a research note 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.