Trexquant Investment LP Buys New Holdings in POSCO Holdings Inc. (NYSE:PKX)

Trexquant Investment LP purchased a new position in POSCO Holdings Inc. (NYSE:PKX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 41,119 shares of the basic materials company’s stock, valued at approximately $1,783,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its holdings in shares of POSCO by 4.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company’s stock worth $271,000 after buying an additional 249 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in POSCO by 13.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 645 shares in the last quarter. Avior Wealth Management LLC lifted its stake in POSCO by 49.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 735 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of POSCO by 7.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,210 shares of the basic materials company’s stock valued at $486,000 after purchasing an additional 820 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of POSCO in the fourth quarter worth about $41,000.

POSCO Trading Down 5.7 %

PKX stock opened at $41.47 on Wednesday. The firm has a market cap of $12.59 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33. The firm has a fifty day moving average price of $47.05 and a 200 day moving average price of $51.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93. POSCO Holdings Inc. has a fifty-two week low of $39.40 and a fifty-two week high of $75.79.

Wall Street Analysts Forecast Growth

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

About POSCO

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.