Athos Capital Ltd Invests $11.37 Million in POSCO Holdings Inc. (NYSE:PKX)

Athos Capital Ltd purchased a new position in shares of POSCO Holdings Inc. (NYSE:PKX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 162,500 shares of the basic materials company’s stock, valued at approximately $11,373,000. POSCO accounts for approximately 3.7% of Athos Capital Ltd’s investment portfolio, making the stock its 2nd biggest position. Athos Capital Ltd owned 0.05% of POSCO as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of POSCO by 32.1% in the third quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock valued at $17,711,000 after acquiring an additional 61,528 shares in the last quarter. Altrius Capital Management Inc raised its stake in shares of POSCO by 15.9% during the 3rd quarter. Altrius Capital Management Inc now owns 122,467 shares of the basic materials company’s stock worth $8,571,000 after buying an additional 16,802 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of POSCO by 8.3% in the 2nd quarter. Van ECK Associates Corp now owns 84,420 shares of the basic materials company’s stock valued at $5,550,000 after buying an additional 6,440 shares during the period. Creative Planning boosted its stake in shares of POSCO by 36.8% in the third quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock valued at $3,766,000 after buying an additional 14,485 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in POSCO by 15.6% during the second quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company’s stock worth $2,586,000 after acquiring an additional 5,295 shares during the period.

Wall Street Analyst Weigh In

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

POSCO Trading Down 3.7 %

Shares of POSCO stock opened at $51.62 on Monday. The company has a 50-day moving average of $61.46 and a two-hundred day moving average of $64.52. POSCO Holdings Inc. has a 12-month low of $49.37 and a 12-month high of $96.98. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The stock has a market cap of $15.67 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 0.64 and a beta of 1.44.

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.