Atria Investments Inc Takes $424,000 Position in KT Co. (NYSE:KT)

Atria Investments Inc acquired a new stake in KT Co. (NYSE:KT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,321 shares of the technology company’s stock, valued at approximately $424,000.

Several other institutional investors have also modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of KT in the fourth quarter worth approximately $36,000. Principal Securities Inc. raised its holdings in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after buying an additional 1,544 shares during the period. GAMMA Investing LLC raised its holdings in shares of KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after buying an additional 2,902 shares during the period. Global Retirement Partners LLC raised its holdings in shares of KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after buying an additional 2,667 shares during the period. Finally, MML Investors Services LLC purchased a new stake in shares of KT in the third quarter worth approximately $160,000. 18.86% of the stock is owned by institutional investors.

KT Stock Up 1.0 %

Shares of NYSE KT opened at $18.27 on Monday. 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 market capitalization of $9.42 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.45. The stock’s fifty day simple moving average is $17.12 and its two-hundred day simple moving average is $16.25.

Wall Street Analyst Weigh In

KT has been the topic of several recent analyst reports. UBS Group initiated coverage on KT in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd.

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.