Athos Capital Ltd Buys New Position in POSCO Holdings Inc. (NYSE:PKX)

Athos Capital Ltd purchased a new position in shares of POSCO Holdings Inc. (NYSE:PKX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 162,500 shares of the basic materials company’s stock, valued at approximately $11,373,000. POSCO comprises approximately 3.7% of Athos Capital Ltd’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of PKX. Allspring Global Investments Holdings LLC purchased a new stake in shares of POSCO during the 3rd quarter worth about $49,000. GAMMA Investing LLC grew its stake in POSCO by 138.0% during the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after buying an additional 505 shares during the period. CWM LLC increased its position in shares of POSCO by 22.9% in the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 373 shares in the last quarter. Choreo LLC purchased a new position in shares of POSCO in the 2nd quarter valued at $221,000. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of POSCO by 7.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 298 shares in the last quarter.

Analyst Upgrades and Downgrades

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

POSCO Stock Down 3.7 %

PKX stock opened at $51.62 on Monday. The company has a market capitalization of $15.67 billion, a P/E ratio of 18.11, a PEG ratio of 0.64 and a beta of 1.44. The firm has a 50 day simple moving average of $61.46 and a 200-day simple moving average of $64.52. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. POSCO Holdings Inc. has a twelve month low of $49.37 and a twelve month high of $96.98.

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.