News

Jan 04, 2024

Shelton Capital Management Makes New $258,000 Investment in POSCO Holdings Inc. (NYSE:PKX)

Shelton Capital Management bought a new position in shares of POSCO Holdings

Shelton Capital Management bought a new position in shares of POSCO Holdings Inc. (NYSE:PKX - Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,738 shares of the basic materials company's stock, valued at approximately $258,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its stake in shares of POSCO by 56.5% in the 1st quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 201 shares during the last quarter. Ronald Blue Trust Inc. boosted its stake in shares of POSCO by 22.3% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,567 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 286 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of POSCO by 37.1% in the 4th 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. Lazard Asset Management LLC bought a new stake in shares of POSCO in the 3rd quarter valued at $95,000. Finally, Janiczek Wealth Management LLC boosted its stake in shares of POSCO by 78.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 2,324 shares of the basic materials company's stock valued at $139,000 after purchasing an additional 1,024 shares during the last quarter. 3.34% of the stock is owned by institutional investors.

PKX has been the topic of a number of analyst reports. StockNews.com lowered shares of POSCO from a "buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. downgraded shares of POSCO from a "neutral" rating to an "underweight" rating in a research report on Thursday, April 13th. Finally, Morgan Stanley downgraded shares of POSCO from an "overweight" rating to an "equal weight" rating in a research report on Monday, April 3rd.

PKX opened at $75.21 on Friday. The firm has a market cap of $22.75 billion, a P/E ratio of 8.10, a PEG ratio of 0.80 and a beta of 1.19. The firm has a 50-day moving average of $71.56 and a 200 day moving average of $63.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.54 and a current ratio of 2.20. POSCO Holdings Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $80.03.

POSCO Holdings Inc engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stainless steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.

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