KT Co. (NYSE:KT) Stock Position Raised by Boston Partners

Boston Partners lifted its position in shares of KT Co. (NYSE:KT - Free Report) by 215.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,247,881 shares of the technology company's stock after purchasing an additional 852,539 shares during the quarter. Boston Partners owned about 0.24% of KT worth $19,380,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KT. Principal Securities Inc. raised its holdings in shares of KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after buying an additional 1,544 shares during the period. Redhawk Wealth Advisors Inc. raised its stake in shares of KT by 3.5% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company's stock valued at $722,000 after purchasing an additional 1,581 shares during the period. Signaturefd LLC lifted its position in shares of KT by 8.2% during the fourth quarter. Signaturefd LLC now owns 22,776 shares of the technology company's stock worth $353,000 after purchasing an additional 1,732 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of KT by 15.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,959 shares of the technology company's stock valued at $232,000 after purchasing an additional 1,996 shares during the period. Finally, R Squared Ltd acquired a new stake in KT during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Stock Up 0.3 %

KT stock traded up $0.06 during mid-day trading on Tuesday, hitting $17.75. 1,143,491 shares of the company were exchanged, compared to its average volume of 987,091. The firm has a fifty day simple moving average of $17.41 and a 200 day simple moving average of $16.39. The company has a market capitalization of $9.15 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.74. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

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Analyst Ratings Changes

A number of equities analysts have commented on KT shares. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th. UBS Group assumed coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd.

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.