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

Grantham Mayo Van Otterloo & Co. LLC decreased its stake in shares of POSCO Holdings Inc. (NYSE:PKX) by 46.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,433 shares of the basic materials company’s stock after selling 89,744 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in POSCO were worth $4,398,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of POSCO during the 4th quarter valued at about $41,000. R Squared Ltd purchased a new stake in shares of POSCO in the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB boosted its stake 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 buying an additional 2,125 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of POSCO by 49.2% during the 4th 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 in the last quarter. Finally, PDS Planning Inc boosted its position in shares of POSCO by 22.4% during the 4th quarter. PDS Planning Inc now owns 4,973 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 911 shares during the last quarter.

POSCO Stock Down 1.6 %

Shares of NYSE PKX opened at $44.40 on Monday. The firm’s 50-day moving average price is $47.21 and its 200-day moving average price is $52.03. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.14 and a beta of 1.33. POSCO Holdings Inc. has a 12-month low of $39.40 and a 12-month high of $75.79.

Wall Street Analysts Forecast Growth

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

POSCO 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.