3,810,907 Shares in KT Co. (NYSE:KT) Acquired by Ninety One UK Ltd

Ninety One UK Ltd purchased a new stake in shares of KT Co. (NYSE:KT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,810,907 shares of the technology company's stock, valued at approximately $59,145,000. Ninety One UK Ltd owned approximately 0.74% of KT at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its stake in KT by 18.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company's stock valued at $823,000 after acquiring an additional 7,858 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of KT during the third quarter worth approximately $691,000. JPMorgan Chase & Co. grew its position in KT by 74.9% during the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock valued at $1,650,000 after purchasing an additional 45,941 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company's stock valued at $55,493,000 after buying an additional 1,101,669 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in KT in the 3rd quarter worth approximately $779,000. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Stock Down 1.9 %

Shares of KT traded down $0.32 during midday trading on Friday, reaching $16.71. 2,005,546 shares of the stock were exchanged, compared to its average volume of 1,201,270. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 9.39, a P/E/G ratio of 0.35 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 12-month low of $12.10 and a 12-month high of $18.45. The firm has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $15.67.

KT (NYSE:KT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Research analysts forecast that KT Co. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of KT from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 31st.

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.