Advisors Asset Management Inc. Sells 6,602 Shares of POSCO Holdings Inc. (NYSE:PKX)

Advisors Asset Management Inc. lessened its stake in POSCO Holdings Inc. (NYSE:PKX) by 28.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,633 shares of the basic materials company’s stock after selling 6,602 shares during the period. Advisors Asset Management Inc.’s holdings in POSCO were worth $1,164,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PKX. Seven Grand Managers LLC bought a new stake in shares of POSCO during the third quarter worth $1,750,000. CWM LLC lifted its position in POSCO by 22.9% during the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 373 shares during the period. Creative Planning boosted its stake in shares of POSCO by 36.8% in the 3rd quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock valued at $3,766,000 after purchasing an additional 14,485 shares during the last quarter. GAMMA Investing LLC grew its position in shares of POSCO by 138.0% during the 3rd 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. Finally, Altrius Capital Management Inc raised its stake in shares of POSCO by 15.9% during the third 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 during the last quarter.

Analyst Ratings Changes

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

POSCO Trading Up 0.2 %

NYSE PKX opened at $54.36 on Tuesday. POSCO Holdings Inc. has a 12 month low of $49.37 and a 12 month high of $96.98. The stock has a 50-day simple moving average of $62.76 and a 200 day simple moving average of $65.10. 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 company has a market capitalization of $16.50 billion, a PE ratio of 19.07, a P/E/G ratio of 0.67 and a beta of 1.44.

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.