Victory Capital Management Inc. Purchases 3,334 Shares of KT Co. (NYSE:KT)

Victory Capital Management Inc. grew its position in shares of KT Co. (NYSE:KT) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 88,822 shares of the technology company’s stock after purchasing an additional 3,334 shares during the quarter. Victory Capital Management Inc.’s holdings in KT were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PDS Planning Inc raised its holdings in KT by 6.2% during the 3rd quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock valued at $282,000 after acquiring an additional 1,065 shares during the period. Dimensional Fund Advisors LP grew its position in shares of 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of KT by 41.9% during the 1st 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 period. Legacy Capital Group California Inc. lifted its holdings in KT by 7.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock worth $294,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in KT by 5.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock worth $433,000 after purchasing an additional 1,487 shares during the period. Institutional investors own 18.86% of the company’s stock.

KT Stock Performance

Shares of KT opened at $16.97 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $15.50 and a 200-day moving average price of $14.45. The company has a market cap of $8.75 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.22 and a beta of 0.90. KT Co. has a 12-month low of $12.10 and a 12-month high of $17.02.

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

Wall Street Analyst Weigh In

KT has been the topic of several analyst reports. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th. New Street Research upgraded shares of KT to a “strong-buy” rating in a research report on Monday, September 9th.

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.