Assetmark Inc. Has $2.11 Million Stake in KT Co. (NYSE:KT)

Assetmark Inc. lifted its holdings in shares of KT Co. (NYSE:KT - Free Report) by 945.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,383 shares of the technology company's stock after buying an additional 124,237 shares during the quarter. Assetmark Inc.'s holdings in KT were worth $2,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. PDS Planning Inc lifted its stake in KT by 6.2% in the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company's stock valued at $282,000 after buying an additional 1,065 shares during the period. Dimensional Fund Advisors LP raised its position in shares of KT by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company's stock valued at $5,021,000 after acquiring an additional 1,244 shares during the period. EverSource Wealth Advisors LLC boosted its stake in KT by 41.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company's stock worth $60,000 after acquiring an additional 1,264 shares during the last quarter. Legacy Capital Group California Inc. grew its holdings in KT by 7.0% during the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company's stock valued at $294,000 after purchasing an additional 1,403 shares during the period. Finally, Bleakley Financial Group LLC increased its stake in KT by 5.6% in the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company's stock valued at $433,000 after purchasing an additional 1,487 shares in the last quarter. 18.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KT shares. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Friday, November 8th. New Street Research raised KT to a "strong-buy" rating in a research note on Monday, September 9th.

KT Stock Down 0.5 %

KT stock traded down $0.08 during mid-day trading on Thursday, hitting $15.25. 1,522,774 shares of the company were exchanged, compared to its average volume of 759,755. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.01 and a current ratio of 1.04. KT Co. has a 1-year low of $12.10 and a 1-year high of $16.24. The firm's 50 day simple moving average is $15.46 and its 200 day simple moving average is $14.30. The firm has a market cap of $7.86 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.13 and a beta of 0.90.

KT (NYSE:KT - Get Free Report) last issued its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $4.77 billion during the quarter. KT had a net margin of 4.50% and a return on equity of 6.23%. On average, sell-side analysts predict that KT Co. will post 0.85 EPS for the current fiscal 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.