First Trust Direct Indexing L.P. Lowers Holdings in POSCO Holdings Inc. (NYSE:PKX)

First Trust Direct Indexing L.P. reduced its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,183 shares of the basic materials company’s stock after selling 883 shares during the period. First Trust Direct Indexing L.P.’s holdings in POSCO were worth $1,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PKX. Headlands Technologies LLC purchased a new stake in shares of POSCO in the 1st quarter valued at about $27,000. Allspring Global Investments Holdings LLC bought a new stake in POSCO during the third quarter valued at approximately $49,000. GAMMA Investing LLC increased its holdings in shares of POSCO by 138.0% in 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 last quarter. Advisors Preferred LLC purchased a new position in POSCO in the first quarter worth $107,000. Finally, CWM LLC boosted its stake in POSCO by 22.9% in the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after buying an additional 373 shares in the last quarter.

Analyst Ratings Changes

Separately, StockNews.com raised shares of POSCO from a “hold” rating to a “buy” rating in a research note on Friday, October 25th.

POSCO Stock Performance

NYSE:PKX opened at $60.11 on Friday. The firm has a market cap of $18.24 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 0.45 and a beta of 1.42. POSCO Holdings Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $98.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The business has a 50 day moving average price of $65.83 and a 200-day moving average price of $67.15.

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.