KT Co. (NYSE:KT) Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of KT Co. (NYSE:KT - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,127 shares of the technology company's stock after purchasing an additional 15,744 shares during the period. Assetmark Inc.'s holdings in KT were worth $2,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KT. Sanctuary Advisors LLC raised its stake in KT by 18.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company's stock worth $823,000 after acquiring an additional 7,858 shares during the last quarter. JPMorgan Chase & Co. raised its stake in KT by 74.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock worth $1,650,000 after acquiring an additional 45,941 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in KT in the 3rd quarter worth $779,000. US Bancorp DE raised its stake in KT by 5.2% in the 4th quarter. US Bancorp DE now owns 284,354 shares of the technology company's stock worth $4,413,000 after acquiring an additional 13,992 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in KT in the 3rd quarter worth $592,000. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Stock Performance

KT traded up $0.16 during midday trading on Wednesday, hitting $17.94. 924,613 shares of the company were exchanged, compared to its average volume of 1,450,381. The company's 50 day simple moving average is $17.02 and its 200 day simple moving average is $16.20. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. KT Co. has a 1-year low of $12.10 and a 1-year high of $18.45.

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Wall Street Analyst Weigh In

KT has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. StockNews.com downgraded KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, UBS Group began coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock.

About KT

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.