Assetmark Inc. Has $2.11 Million Stake in KT Co. (NYSE:KT)

Assetmark Inc. increased its stake in shares of KT Co. (NYSE:KT) by 945.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,383 shares of the technology company’s stock after purchasing an additional 124,237 shares during the quarter. Assetmark Inc.’s holdings in KT were worth $2,113,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KT. Lazard Asset Management LLC lifted its position in shares of KT by 2.4% in the 1st quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock worth $49,857,000 after acquiring an additional 84,760 shares during the period. Acadian Asset Management LLC boosted its position in KT by 62.0% in the first quarter. Acadian Asset Management LLC now owns 327,621 shares of the technology company’s stock valued at $4,592,000 after buying an additional 125,413 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of KT by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock worth $141,061,000 after buying an additional 829,682 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in KT during the 3rd quarter worth about $691,000. Finally, Natixis Advisors LLC grew its holdings in KT by 383.2% during the 2nd quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock worth $2,345,000 after acquiring an additional 136,021 shares during the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Price Performance

Shares of KT opened at $15.35 on Thursday. The business has a 50-day moving average of $15.46 and a 200-day moving average of $14.30. KT Co. has a 1 year low of $12.10 and a 1 year high of $16.24. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.01.

KT (NYSE:KT) last issued its earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. The business had revenue of $4.77 billion during the quarter. As a group, equities research analysts anticipate that KT Co. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on KT. StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. New Street Research upgraded shares of KT to a “strong-buy” rating in a report 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.