Arrowstreet Capital Limited Partnership Reduces Position in KT Co. (NYSE:KT)

Arrowstreet Capital Limited Partnership lowered its holdings in KT Co. (NYSE:KT - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,123,619 shares of the technology company's stock after selling 38,112 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.61% of KT worth $48,479,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Intrust Bank NA purchased a new stake in KT in the 4th quarter valued at about $186,000. Orion Portfolio Solutions LLC acquired a new stake in shares of KT during the fourth quarter valued at about $330,000. EntryPoint Capital LLC raised its stake in shares of KT by 21.4% in the 4th quarter. EntryPoint Capital LLC now owns 18,660 shares of the technology company's stock valued at $290,000 after acquiring an additional 3,290 shares during the period. LPL Financial LLC lifted its holdings in shares of KT by 62.0% in the 4th quarter. LPL Financial LLC now owns 81,289 shares of the technology company's stock worth $1,262,000 after acquiring an additional 31,096 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of KT by 37.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after purchasing an additional 2,181 shares during the period. Institutional investors and hedge funds own 18.86% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. StockNews.com lowered KT from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 20th. Finally, UBS Group started coverage on KT in a research report on Wednesday, February 19th. They issued a "buy" rating for the company.

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KT Stock Down 3.0 %

KT stock traded down $0.54 during mid-day trading on Friday, reaching $17.33. 1,710,519 shares of the company's stock were exchanged, compared to its average volume of 1,082,378. The company has a fifty day moving average of $17.55 and a 200-day moving average of $16.53. The company has a market cap of $8.94 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.37 and a beta of 0.83. 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 twelve month low of $12.10 and a twelve month high of $18.74.

KT 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.