Raymond James Financial Inc. bought a new position in KT Co. (NYSE:KT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 279,170 shares of the technology company's stock, valued at approximately $4,333,000. Raymond James Financial Inc. owned 0.05% of KT at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in KT. R Squared Ltd purchased a new position in shares of KT during the fourth quarter valued at $36,000. Principal Securities Inc. grew its stake in KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after acquiring an additional 1,544 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after purchasing an additional 2,902 shares during the period. Global Retirement Partners LLC lifted its position 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 purchasing an additional 2,667 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in shares of KT during the third quarter worth approximately $160,000. 18.86% of the stock is owned by hedge funds and other institutional investors.
KT Stock Down 0.7 %
NYSE:KT traded down $0.12 during mid-day trading on Friday, reaching $17.52. The stock had a trading volume of 1,207,818 shares, compared to its average volume of 1,090,030. The stock has a market cap of $9.03 billion, a P/E ratio of 9.84, a PEG ratio of 0.37 and a beta of 0.95. The business's 50 day moving average is $17.51 and its 200 day moving average is $16.46. 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 fifty-two week low of $12.10 and a fifty-two week high of $18.74.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on KT. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. UBS Group assumed coverage on KT in a report on Wednesday, February 19th. They set a "buy" rating for the company. Finally, StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th.
Check Out Our Latest Stock 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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