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Jun 03, 2023

POSCO Holdings Inc. (NYSE:PKX) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 11.9% in the first quarter, according to its most recent filing with the Securities &

Vanguard Personalized Indexing Management LLC boosted its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 11.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,292 shares of the basic materials company's stock after buying an additional 1,951 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in POSCO were worth $1,275,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PKX. Captrust Financial Advisors raised its stake in shares of POSCO by 56.5% in the 1st quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company's stock worth $33,000 after buying an additional 201 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in POSCO in the first quarter worth about $50,000. CWM LLC lifted its holdings in POSCO by 29.9% in the 1st quarter. CWM LLC now owns 1,065 shares of the basic materials company's stock valued at $74,000 after acquiring an additional 245 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of POSCO by 37.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the basic materials company's stock valued at $89,000 after purchasing an additional 442 shares in the last quarter. Finally, Wrapmanager Inc. acquired a new position in shares of POSCO in the 1st quarter worth approximately $200,000. Institutional investors and hedge funds own 3.61% of the company's stock.

PKX has been the subject of several recent research reports. Morgan Stanley lowered shares of POSCO from an "equal weight" rating to an "underweight" rating in a research note on Monday, July 31st. StockNews.com began coverage on POSCO in a research note on Thursday, August 17th. They set a "hold" rating for the company. UBS Group lowered POSCO from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 26th. Finally, Citigroup lowered POSCO from a "buy" rating to a "neutral" rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

View Our Latest Stock Analysis on PKX

Shares of NYSE:PKX opened at $104.27 on Wednesday. The firm has a 50 day simple moving average of $94.89 and a 200 day simple moving average of $77.30. POSCO Holdings Inc. has a 52 week low of $36.53 and a 52 week high of $133.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.54 and a current ratio of 2.20. The company has a market cap of $31.54 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.65 and a beta of 1.28.

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.

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