POSCO Holdings Inc. (NYSE:PKX) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in POSCO Holdings Inc. (NYSE:PKX) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 384,512 shares of the basic materials company’s stock after buying an additional 63,336 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of POSCO worth $16,672,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PKX. Athos Capital Ltd acquired a new stake in shares of POSCO during the third quarter worth about $11,373,000. Maven Securities LTD acquired a new stake in shares of POSCO during the third quarter worth about $10,191,000. Jane Street Group LLC lifted its position in shares of POSCO by 2,229.6% during the third quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock worth $5,610,000 after purchasing an additional 76,719 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of POSCO by 32.1% during the third quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock worth $17,711,000 after purchasing an additional 61,528 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of POSCO during the third quarter worth about $3,497,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of POSCO from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd.

POSCO Stock Down 0.4 %

Shares of NYSE:PKX opened at $53.03 on Friday. The firm’s 50 day moving average price is $45.50 and its 200 day moving average price is $53.84. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40. POSCO Holdings Inc. has a fifty-two week low of $39.40 and a fifty-two week high of $84.35. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

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.