Corient Private Wealth LLC Decreases Holdings in KT Co. (NYSE:KT)

Corient Private Wealth LLC lessened its holdings in KT Co. (NYSE:KT - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,063 shares of the technology company's stock after selling 15,511 shares during the period. Corient Private Wealth LLC's holdings in KT were worth $1,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of KT during the 4th quarter worth about $36,000. Principal Securities Inc. grew its stake in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after acquiring an additional 1,544 shares in the last quarter. GAMMA Investing LLC grew its position in KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock worth $101,000 after purchasing an additional 2,902 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock valued at $113,000 after acquiring an additional 2,667 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of KT in the 3rd quarter worth about $160,000. 18.86% of the stock is owned by institutional investors.

KT Stock Down 0.7 %

Shares of KT stock traded down $0.12 during mid-day trading on Friday, reaching $17.52. 1,207,818 shares of the company's stock traded hands, compared to its average volume of 1,090,030. The company has a market cap of $9.03 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.37 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. KT Co. has a 12 month low of $12.10 and a 12 month high of $18.74. The company's 50-day moving average price is $17.51 and its 200-day moving average price is $16.46.

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Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of 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 report on Monday, March 3rd. Finally, UBS Group initiated coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock.

About KT

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.