Capital International Sarl Makes New $473,000 Investment in KT Co. (NYSE:KT)

Capital International Sarl acquired a new stake in shares of KT Co. (NYSE:KT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,483 shares of the technology company's stock, valued at approximately $473,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KT. Wellington Management Group LLP increased its holdings in KT by 392.0% during the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company's stock valued at $153,913,000 after buying an additional 7,901,522 shares during the last quarter. North of South Capital LLP grew its position in shares of KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company's stock valued at $65,458,000 after acquiring an additional 4,049,439 shares during the period. Ninety One UK Ltd purchased a new stake in shares of KT in the 4th quarter worth $59,145,000. Robeco Institutional Asset Management B.V. raised its holdings in KT by 29.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company's stock worth $72,507,000 after purchasing an additional 1,063,736 shares during the period. Finally, Boston Partners lifted its position in KT by 215.6% during the fourth quarter. Boston Partners now owns 1,247,881 shares of the technology company's stock valued at $19,380,000 after purchasing an additional 852,539 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Price Performance

NYSE:KT traded up $0.17 on Wednesday, reaching $18.62. 1,641,057 shares of the company's stock traded hands, compared to its average volume of 1,105,544. The firm has a market cap of $9.60 billion, a PE ratio of 10.46, a P/E/G ratio of 0.37 and a beta of 0.83. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The stock has a 50-day simple moving average of $17.62 and a 200-day simple moving average of $16.72. KT Co. has a 12 month low of $12.39 and a 12 month high of $18.74.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KT. StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, UBS Group initiated coverage on shares of KT in a research report on Wednesday, February 19th. They issued a "buy" rating for the company.

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.