2,987 Shares in POSCO Holdings Inc. (NYSE:PKX) Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of POSCO Holdings Inc. (NYSE:PKX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,987 shares of the basic materials company's stock, valued at approximately $208,000.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in POSCO by 17.7% during the first quarter. BlackRock Inc. now owns 1,395,026 shares of the basic materials company's stock worth $82,683,000 after buying an additional 210,190 shares in the last quarter. State Street Corp boosted its holdings in POSCO by 2.1% during the third quarter. State Street Corp now owns 841,473 shares of the basic materials company's stock valued at $30,806,000 after purchasing an additional 17,080 shares in the last quarter. RWWM Inc. boosted its holdings in POSCO by 31.9% during the fourth quarter. RWWM Inc. now owns 750,497 shares of the basic materials company's stock valued at $40,880,000 after purchasing an additional 181,384 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in POSCO by 4.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 518,706 shares of the basic materials company's stock valued at $28,254,000 after purchasing an additional 20,996 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in POSCO by 2.8% during the first quarter. Vanguard Group Inc. now owns 371,615 shares of the basic materials company's stock valued at $22,026,000 after purchasing an additional 10,142 shares in the last quarter. 2.95% of the stock is owned by institutional investors and hedge funds.

NYSE:PKX opened at $110.46 on Thursday. POSCO Holdings Inc. has a 1 year low of $36.53 and a 1 year high of $133.09. The firm has a 50 day moving average of $98.95 and a 200-day moving average of $79.28. The company has a current ratio of 2.20, a quick ratio of 1.54 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $33.41 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.28.

PKX has been the topic of a number of recent research reports. Morgan Stanley downgraded POSCO from an "equal weight" rating to an "underweight" rating in a report on Monday, July 31st. StockNews.com assumed coverage on POSCO in a report on Thursday, August 17th. They set a "hold" rating on the stock. Citigroup cut shares of POSCO from a "buy" rating to a "neutral" rating in a research note on Monday, July 24th. Finally, UBS Group cut shares of POSCO from a "buy" rating to a "neutral" rating in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Get Our Latest Stock Report on PKX

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 list of seven best retirement stocks and why they should be in your portfolio.

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.