Envestnet Asset Management Inc. Grows Position in KT Co. (NYSE:KT)

Envestnet Asset Management Inc. grew its holdings in KT Co. (NYSE:KT - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 564,515 shares of the technology company's stock after buying an additional 118,502 shares during the quarter. Envestnet Asset Management Inc. owned 0.11% of KT worth $8,761,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in KT during the 4th quarter worth about $36,000. Principal Securities Inc. boosted its position in KT by 70.6% in 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 last quarter. GAMMA Investing LLC increased its stake in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after buying an additional 2,902 shares during the period. Global Retirement Partners LLC lifted its stake 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 period. Finally, TD Private Client Wealth LLC raised its holdings in KT by 37.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after purchasing an additional 2,181 shares during the last quarter. Institutional investors and hedge funds own 18.86% of the company's stock.

Analyst Upgrades and Downgrades

KT has been the subject of several analyst reports. The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 20th. Finally, UBS Group began coverage on shares of KT in a research note on Wednesday, February 19th. They set a "buy" rating for the company.

KT Trading Up 0.8 %

Shares of KT traded up $0.14 during trading hours on Thursday, hitting $18.78. 332,361 shares of the stock were exchanged, compared to its average volume of 1,104,495. The firm has a market capitalization of $9.69 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.37 and a beta of 0.83. 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 Co. has a fifty-two week low of $12.39 and a fifty-two week high of $18.88. The business has a 50-day moving average of $17.65 and a 200-day moving average of $16.73.

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.