First Trust Direct Indexing L.P. Sells 3,654 Shares of KT Co. (NYSE:KT)

First Trust Direct Indexing L.P. lessened its holdings in shares of KT Co. (NYSE:KT) by 12.1% in the third quarter, Holdings Channel.com reports. The firm owned 26,638 shares of the technology company’s stock after selling 3,654 shares during the period. First Trust Direct Indexing L.P.’s holdings in KT were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of KT by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after acquiring an additional 829,682 shares during the period. Acadian Asset Management LLC boosted its position in shares of KT by 245.7% in the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after acquiring an additional 804,986 shares during the period. Natixis Advisors LLC raised its stake in KT by 383.2% in the second quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock valued at $2,345,000 after purchasing an additional 136,021 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in KT by 55.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock valued at $5,247,000 after purchasing an additional 133,570 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in KT by 31.1% in the second quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock valued at $5,555,000 after purchasing an additional 96,518 shares in the last quarter. Institutional investors own 18.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on KT. StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 23rd. New Street Research raised shares of KT to a “strong-buy” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group downgraded shares of KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th.

KT Stock Down 0.1 %

Shares of NYSE KT opened at $15.72 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. KT Co. has a 52 week low of $12.10 and a 52 week high of $15.99. The firm’s fifty day moving average is $15.34 and its 200 day moving average is $14.13. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.01 and a beta of 0.90.

KT (NYSE:KT) last released its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The business had revenue of $4.77 billion for the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. On average, equities research analysts expect that KT Co. will post 1.23 earnings per share for the current year.

KT Company Profile

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.