Grantham Mayo Van Otterloo & Co. LLC Sells 89,744 Shares of POSCO Holdings Inc. (NYSE:PKX)

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in POSCO Holdings Inc. (NYSE:PKX) by 46.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,433 shares of the basic materials company’s stock after selling 89,744 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in POSCO were worth $4,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich bought a new position in POSCO in the fourth quarter worth approximately $41,000. R Squared Ltd bought a new position in POSCO in the 4th quarter worth $46,000. Wilmington Savings Fund Society FSB lifted its position in POSCO by 5,312.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock valued at $94,000 after purchasing an additional 2,125 shares in the last quarter. Avior Wealth Management LLC grew its holdings 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 valued at $97,000 after purchasing an additional 735 shares during the period. Finally, PDS Planning Inc increased its position in POSCO by 22.4% in the fourth quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company’s stock worth $216,000 after buying an additional 911 shares in the last quarter.

POSCO Stock Performance

PKX opened at $44.40 on Monday. The firm has a market cap of $13.48 billion, a P/E ratio of 20.37, a PEG ratio of 2.14 and a beta of 1.33. POSCO Holdings Inc. has a 1-year low of $39.40 and a 1-year high of $75.79. The company has a 50 day simple moving average of $47.21 and a two-hundred day simple moving average of $52.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35.

Analysts Set New Price Targets

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

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.