Claro Advisors LLC Makes New $220,000 Investment in KT Co. (NYSE:KT)

Claro Advisors LLC bought a new position in shares of KT Co. (NYSE:KT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,172 shares of the technology company’s stock, valued at approximately $220,000.

Other hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its position in shares of KT by 44.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after purchasing an additional 1,101,669 shares during the period. National Bank of Canada FI bought a new position in KT in the 3rd quarter valued at about $7,611,000. Assetmark Inc. raised its position in shares of KT by 945.1% in the 3rd quarter. Assetmark Inc. now owns 137,383 shares of the technology company’s stock valued at $2,113,000 after buying an additional 124,237 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of KT by 65.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 246,563 shares of the technology company’s stock worth $3,792,000 after acquiring an additional 97,838 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of KT by 31.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock worth $5,555,000 after acquiring an additional 96,518 shares in the last quarter. 18.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

KT Price Performance

Shares of KT stock opened at $16.39 on Thursday. The business has a fifty day simple moving average of $16.20 and a 200 day simple moving average of $15.23. The company has a market cap of $8.45 billion, a P/E ratio of 9.21, a P/E/G ratio of 1.19 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.45.

KT 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.