Gilman Hill Asset Management LLC Trims Stock Position in POSCO Holdings Inc. (NYSE:PKX)

Gilman Hill Asset Management LLC lowered its position in shares of POSCO Holdings Inc. (NYSE:PKX) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,029 shares of the basic materials company’s stock after selling 3,425 shares during the period. Gilman Hill Asset Management LLC’s holdings in POSCO were worth $912,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of POSCO in the 3rd quarter worth approximately $49,000. GAMMA Investing LLC increased its position in POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 505 shares during the period. CWM LLC increased its position in POSCO by 16.3% during the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 327 shares during the period. Ameritas Advisory Services LLC increased its position in POSCO by 13.0% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 645 shares during the period. Finally, PDS Planning Inc increased its position in POSCO by 11.4% during the 3rd quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 416 shares during the period.

Analyst Upgrades and Downgrades

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

POSCO Stock Up 0.1 %

Shares of POSCO stock opened at $45.00 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $47.69 and its two-hundred day simple moving average is $58.79. The company has a market cap of $13.66 billion, a P/E ratio of 15.79, a PEG ratio of 0.39 and a beta of 1.40. POSCO Holdings Inc. has a 12-month low of $42.35 and a 12-month high of $86.52.

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.