Rhumbline Advisers reduced its holdings in shares of KT Co. (NYSE:KT – Free Report) by 36.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,132 shares of the technology company’s stock after selling 32,219 shares during the quarter. Rhumbline Advisers’ holdings in KT were worth $754,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of KT by 80.6% in the fourth quarter. BNP Paribas Financial Markets now owns 91,522 shares of the technology company’s stock valued at $1,230,000 after buying an additional 40,837 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of KT by 2.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 46,011 shares of the technology company’s stock valued at $618,000 after buying an additional 905 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of KT in the fourth quarter valued at $229,000. PNC Financial Services Group Inc. grew its stake in shares of KT by 2.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company’s stock valued at $418,000 after buying an additional 886 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of KT by 1,227.4% in the fourth quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock valued at $41,000 after buying an additional 2,823 shares in the last quarter. 18.86% of the stock is owned by institutional investors.
KT Trading Up 0.2 %
Shares of KT stock opened at $15.47 on Tuesday. The business has a fifty day simple moving average of $14.53 and a two-hundred day simple moving average of $13.79. KT Co. has a 1 year low of $11.83 and a 1 year high of $15.90. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 0.73 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.01.
Analysts Set New Price Targets
Several equities analysts recently weighed in on KT shares. The Goldman Sachs Group cut shares of KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a report on Friday, August 23rd. Finally, New Street Research raised KT to a “strong-buy” rating in a report on Monday, September 9th.
View Our Latest Stock Analysis on KT
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.
Featured Stories
- Five stocks we like better than KT
- Stock Market Sectors: What Are They and How Many Are There?
- The Average 401k Balance by Age Explained
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Receive News & Ratings for KT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KT and related companies with MarketBeat.com's FREE daily email newsletter.