Wilmington Savings Fund Society FSB Purchases 2,125 Shares of POSCO Holdings Inc. (NYSE:PKX)

Wilmington Savings Fund Society FSB boosted its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 5,312.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,165 shares of the basic materials company’s stock after acquiring an additional 2,125 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in POSCO were worth $94,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in POSCO during the fourth quarter worth approximately $46,000. Allspring Global Investments Holdings LLC bought a new stake in POSCO during the third quarter worth approximately $49,000. GAMMA Investing LLC increased 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 acquiring an additional 505 shares during the last quarter. Avior Wealth Management LLC increased its stake in POSCO by 49.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 735 shares during the last quarter. Finally, CWM LLC increased its stake in POSCO by 16.3% during the third quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 327 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

POSCO Trading Up 7.9 %

PKX opened at $42.98 on Friday. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.93 and a beta of 1.39. The stock’s 50 day moving average price is $44.49 and its 200-day moving average price is $55.88. POSCO Holdings Inc. has a one year low of $39.40 and a one year high of $86.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 1.95.

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.