Sequoia Financial Advisors LLC lifted its position in shares of KT Co. (NYSE:KT – Free Report) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,494 shares of the technology company’s stock after purchasing an additional 968 shares during the period. Sequoia Financial Advisors LLC’s holdings in KT were worth $470,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of KT during the 4th quarter valued at $28,000. Glassman Wealth Services increased its holdings in KT by 63.5% during the fourth quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after buying an additional 911 shares during the last quarter. Tower Research Capital LLC TRC raised its position in KT by 1,292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,831 shares during the period. EverSource Wealth Advisors LLC boosted its stake in KT by 152.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock valued at $41,000 after acquiring an additional 1,821 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,823 shares during the period. 18.86% of the stock is currently owned by hedge funds and other institutional investors.
KT Price Performance
KT opened at $13.19 on Tuesday. The firm has a 50-day moving average price of $13.33 and a 200-day moving average price of $13.49. KT Co. has a twelve month low of $11.04 and a twelve month high of $15.35. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.93 and a beta of 0.90.
KT (NYSE:KT – Get Free Report) last released its quarterly earnings data on Friday, May 24th. The technology company reported $0.57 earnings per share for the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. The business had revenue of $5 billion during the quarter. Equities analysts expect that KT Co. will post 1.79 EPS for the current year.
Analysts Set New Price Targets
Separately, StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 1st.
Check Out Our Latest Analysis on KT
KT Company Profile
(Free Report)
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.
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