Carrera Capital Advisors Boosts Stake in KT Co. (NYSE:KT)

Carrera Capital Advisors raised its stake in KT Co. (NYSE:KT - Free Report) by 22.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,437 shares of the technology company's stock after purchasing an additional 40,005 shares during the period. KT comprises 0.8% of Carrera Capital Advisors' investment portfolio, making the stock its 21st biggest position. Carrera Capital Advisors' holdings in KT were worth $3,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of KT during the 4th quarter worth about $36,000. Principal Securities Inc. increased its position in KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after buying an additional 1,544 shares during the period. Venturi Wealth Management LLC increased its position in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company's stock worth $70,000 after buying an additional 4,464 shares during the period. GAMMA Investing LLC increased its position in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock worth $101,000 after buying an additional 2,902 shares during the period. Finally, Global Retirement Partners LLC increased its position in KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after buying an additional 2,667 shares during the period. Institutional investors and hedge funds own 18.86% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have commented on KT. StockNews.com lowered KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. UBS Group initiated coverage on KT in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd.

KT Stock Performance

Shares of KT stock traded down $0.01 during midday trading on Friday, hitting $17.91. The company had a trading volume of 1,249,886 shares, compared to its average volume of 1,470,197. The company's 50 day simple moving average is $16.89 and its 200 day simple moving average is $16.13. KT Co. has a 52-week low of $12.10 and a 52-week high of $18.45. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

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.