10,656 Shares in KT Co. (NYSE:KT) Acquired by Private Advisor Group LLC

Private Advisor Group LLC bought a new position in shares of KT Co. (NYSE:KT) during the third quarter, Holdings Channel.com reports. The fund bought 10,656 shares of the technology company’s stock, valued at approximately $164,000.

A number of other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in KT by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock valued at $5,021,000 after purchasing an additional 1,244 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,264 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in KT by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock valued at $294,000 after purchasing an additional 1,403 shares during the last quarter. Bleakley Financial Group LLC increased its stake in KT by 5.6% in the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock valued at $433,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Cloverfields Capital Group LP increased its stake in KT by 1.4% in the first quarter. Cloverfields Capital Group LP now owns 119,500 shares of the technology company’s stock valued at $1,675,000 after purchasing an additional 1,622 shares during the last quarter. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Price Performance

KT stock opened at $14.95 on Friday. The company has a market capitalization of $7.71 billion, a P/E ratio of 9.12, a PEG ratio of 1.00 and a beta of 0.90. KT Co. has a twelve month low of $12.10 and a twelve month high of $16.24. The business has a 50 day simple moving average of $15.42 and a 200-day simple moving average of $14.22. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

KT (NYSE:KT) last posted its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The business had revenue of $4.77 billion during the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. As a group, equities analysts anticipate that KT Co. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on KT shares. StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Friday. New Street Research upgraded shares of KT to a “strong-buy” rating in a research note on Monday, September 9th.

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.