POSCO Holdings Inc. (NYSE:PKX) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of POSCO Holdings Inc. (NYSE:PKX) by 40.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,863 shares of the basic materials company’s stock after buying an additional 5,731 shares during the period. Victory Capital Management Inc.’s holdings in POSCO were worth $1,390,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PKX. Altrius Capital Management Inc boosted its position in POSCO by 16.8% during the second quarter. Altrius Capital Management Inc now owns 105,665 shares of the basic materials company’s stock worth $6,946,000 after acquiring an additional 15,174 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of POSCO by 8.3% during the 2nd quarter. Van ECK Associates Corp now owns 84,420 shares of the basic materials company’s stock worth $5,550,000 after purchasing an additional 6,440 shares during the last quarter. Creative Planning grew its position 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 purchasing an additional 14,485 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of POSCO by 15.6% in the second quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company’s stock valued at $2,586,000 after purchasing an additional 5,295 shares during the last quarter. Finally, Seven Grand Managers LLC purchased a new position in POSCO during the third quarter worth approximately $1,750,000.

Analysts Set New Price Targets

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

POSCO Price Performance

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

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.