Lingohr Asset Management GmbH Invests $1.57 Million in KT Co. (NYSE:KT)

Lingohr Asset Management GmbH bought a new stake in KT Co. (NYSE:KT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 100,451 shares of the technology company's stock, valued at approximately $1,569,000. KT comprises about 3.3% of Lingohr Asset Management GmbH's investment portfolio, making the stock its 3rd largest holding.

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. boosted its position in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after purchasing an additional 1,544 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in KT by 3.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company's stock worth $722,000 after acquiring an additional 1,581 shares in the last quarter. Signaturefd LLC grew its stake in shares of KT by 8.2% during the fourth quarter. Signaturefd LLC now owns 22,776 shares of the technology company's stock worth $353,000 after acquiring an additional 1,732 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of KT by 15.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,959 shares of the technology company's stock worth $232,000 after acquiring an additional 1,996 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of KT during the fourth quarter valued at about $36,000. 18.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KT. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. UBS Group assumed coverage on KT in a research report on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th.

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KT Stock Performance

KT traded down $0.13 during trading on Monday, reaching $17.68. 1,114,043 shares of the company's stock were exchanged, compared to its average volume of 987,177. The company's fifty day simple moving average is $17.38 and its 200-day simple moving average is $16.38. The stock has a market capitalization of $9.12 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. KT Co. has a 1 year low of $12.10 and a 1 year high of $18.74.

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.