Teachers Retirement System of The State of Kentucky Sells 17,700 Shares of KT Co. (NYSE:KT)

Teachers Retirement System of The State of Kentucky cut its holdings in KT Co. (NYSE:KT) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 242,400 shares of the technology company’s stock after selling 17,700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in KT were worth $3,258,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in KT by 2.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company’s stock worth $418,000 after buying an additional 886 shares in the last quarter. Janney Montgomery Scott LLC grew its position in KT by 2.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 46,011 shares of the technology company’s stock worth $618,000 after buying an additional 905 shares in the last quarter. Glassman Wealth Services grew its position in KT by 63.5% during the fourth quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after buying an additional 911 shares in the last quarter. CWM LLC grew its position in KT by 17.8% during the fourth quarter. CWM LLC now owns 6,869 shares of the technology company’s stock worth $92,000 after buying an additional 1,037 shares in the last quarter. Finally, PDS Planning Inc grew its position in KT by 9.8% during the fourth quarter. PDS Planning Inc now owns 15,669 shares of the technology company’s stock worth $211,000 after buying an additional 1,398 shares in the last quarter. 18.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th.

KT Trading Up 0.2 %

KT stock opened at $13.33 on Wednesday. KT Co. has a 1-year low of $11.04 and a 1-year high of $15.35. The firm has a market cap of $6.87 billion, a P/E ratio of 8.03, a P/E/G ratio of 0.92 and a beta of 0.89. The business’s 50 day moving average is $13.09 and its 200-day moving average is $13.50. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.