27,321 Shares in KT Co. (NYSE:KT) Bought by Atria Investments Inc

Atria Investments Inc purchased a new position in shares of KT Co. (NYSE:KT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,321 shares of the technology company's stock, valued at approximately $424,000.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. increased its position in shares of KT by 11.5% during the fourth quarter. Assetmark Inc. now owns 153,127 shares of the technology company's stock worth $2,377,000 after purchasing an additional 15,744 shares in the last quarter. Carrera Capital Advisors boosted its stake in KT by 22.7% during the 4th quarter. Carrera Capital Advisors now owns 216,437 shares of the technology company's stock worth $3,359,000 after purchasing an additional 40,005 shares during the period. US Bancorp DE grew its position in KT by 5.2% during the 4th quarter. US Bancorp DE now owns 284,354 shares of the technology company's stock worth $4,413,000 after purchasing an additional 13,992 shares during the last quarter. QRG Capital Management Inc. increased its stake in KT by 35.1% in the fourth quarter. QRG Capital Management Inc. now owns 70,826 shares of the technology company's stock valued at $1,099,000 after purchasing an additional 18,398 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in KT by 29.8% in the fourth quarter. Bank of New York Mellon Corp now owns 18,181 shares of the technology company's stock valued at $282,000 after purchasing an additional 4,173 shares during the period. Hedge funds and other institutional investors own 18.86% of the company's stock.

Wall Street Analysts Forecast Growth

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

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KT Stock Performance

Shares of KT stock traded down $0.20 during mid-day trading on Thursday, hitting $18.21. The stock had a trading volume of 448,073 shares, compared to its average volume of 979,662. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $18.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The company's 50-day simple moving average is $17.28 and its 200-day simple moving average is $16.32. The firm has a market cap of $9.39 billion, a PE ratio of 10.22, a PEG ratio of 0.37 and a beta of 0.95.

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.