Blue Trust Inc. Reduces Position in KT Co. (NYSE:KT)

Blue Trust Inc. decreased its holdings in shares of KT Co. (NYSE:KT - Free Report) by 74.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,348 shares of the technology company's stock after selling 41,486 shares during the period. Blue Trust Inc.'s holdings in KT were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. R Squared Ltd purchased a new stake in KT in the 4th quarter worth $36,000. Venturi Wealth Management LLC grew its position in shares of KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company's stock valued at $70,000 after purchasing an additional 4,464 shares in the last quarter. GAMMA Investing LLC grew its position in shares of KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after purchasing an additional 2,902 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of KT during the third quarter valued at about $160,000. Finally, Private Advisor Group LLC purchased a new position in shares of KT during the third quarter valued at about $164,000. Institutional investors own 18.86% of the company's stock.

KT Trading Down 0.8 %

NYSE KT traded down $0.14 during trading on Friday, hitting $17.42. The stock had a trading volume of 1,966,390 shares, compared to its average volume of 1,333,836. 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 stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.37 and a beta of 0.95. KT Co. has a one year low of $12.10 and a one year high of $18.45. The stock has a 50 day simple moving average of $16.59 and a 200 day simple moving average of $15.86.

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

Wall Street Analyst Weigh In

KT has been the subject of a number of analyst reports. StockNews.com downgraded shares of KT from a "strong-buy" rating to a "buy" rating in a report on Thursday. UBS Group initiated coverage on shares of KT in a report on Wednesday. They issued a "buy" rating for the company.

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.