POSCO Holdings Inc. (NYSE:PKX) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP trimmed its stake in POSCO Holdings Inc. (NYSE:PKX - Free Report) by 46.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,676 shares of the basic materials company's stock after selling 4,935 shares during the quarter. Quantinno Capital Management LP's holdings in POSCO were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PKX. Captrust Financial Advisors raised its holdings in shares of POSCO by 56.5% in the first quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company's stock worth $33,000 after acquiring an additional 201 shares during the last quarter. CWM LLC increased its stake in POSCO by 29.9% in the first quarter. CWM LLC now owns 1,065 shares of the basic materials company's stock valued at $74,000 after purchasing an additional 245 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in POSCO by 37.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the basic materials company's stock valued at $89,000 after purchasing an additional 442 shares during the last quarter. OLD Mission Capital LLC acquired a new position in POSCO in the fourth quarter valued at $158,000. Finally, BNP Paribas Arbitrage SA increased its stake in POSCO by 46.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,731 shares of the basic materials company's stock valued at $166,000 after purchasing an additional 1,190 shares during the last quarter. 3.61% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PKX opened at $118.92 on Wednesday. POSCO Holdings Inc. has a 1-year low of $36.53 and a 1-year high of $133.09. The business has a 50-day moving average of $84.03 and a 200-day moving average of $72.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 1.54. The company has a market capitalization of $35.97 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 0.79 and a beta of 1.28.

Several equities analysts recently commented on PKX shares. StockNews.com lowered POSCO from a "buy" rating to a "hold" rating in a research note on Wednesday, July 26th. UBS Group lowered POSCO from a "buy" rating to a "neutral" rating in a research note on Wednesday, July 26th. Citigroup downgraded POSCO from a "buy" rating to a "neutral" rating in a research report on Monday, July 24th. Morgan Stanley downgraded POSCO from an "equal weight" rating to an "underweight" rating in a research report on Monday. Finally, JPMorgan Chase & Co. downgraded POSCO from a "neutral" rating to an "underweight" rating in a research report on Thursday, April 13th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold".

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider POSCO, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POSCO wasn't on the list.

While POSCO currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.