Alberta Investment Management Corp Buys New Stake in KT Co. (NYSE:KT)

Alberta Investment Management Corp acquired a new stake in KT Co. (NYSE:KT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 772,322 shares of the technology company's stock, valued at approximately $11,986,000. Alberta Investment Management Corp owned approximately 0.15% of KT 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. Sanctuary Advisors LLC lifted its position in KT by 18.8% in 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. JPMorgan Chase & Co. lifted its position in KT by 74.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock valued at $1,650,000 after acquiring an additional 45,941 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position 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 acquiring an additional 1,101,669 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in KT in the 3rd quarter valued at approximately $779,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in KT in the 3rd quarter valued at approximately $592,000. 18.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KT. StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a report on Thursday. UBS Group initiated coverage on KT in a research report on Wednesday. They issued a "buy" rating on the stock.

KT Stock Performance

Shares of KT stock traded down $0.11 during mid-day trading on Friday, reaching $17.45. 919,132 shares of the company's stock traded hands, compared to its average volume of 1,344,633. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market capitalization of $9.00 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. KT Co. has a 12 month low of $12.10 and a 12 month high of $18.45. The firm has a 50 day moving average price of $16.59 and a two-hundred day moving average price of $15.86.

KT (NYSE:KT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. On average, research analysts forecast that KT Co. will post 0.73 EPS for the current year.

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.