Generali Investments CEE investicni spolecnost a.s. Invests $768,000 in KT Co. (NYSE:KT)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in KT Co. (NYSE:KT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 49,500 shares of the technology company's stock, valued at approximately $768,000.

Other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of KT by 29.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company's stock valued at $72,507,000 after buying an additional 1,063,736 shares during the period. North of South Capital LLP raised its holdings in KT by 2,407.3% in 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 in the last quarter. Ninety One UK Ltd bought a new stake in shares of KT in the 4th quarter worth approximately $59,145,000. Ninety One North America Inc. bought a new stake in shares of KT in the 4th quarter worth approximately $12,749,000. Finally, Alberta Investment Management Corp bought a new stake in shares of KT during the fourth quarter valued at approximately $11,986,000. 18.86% of the stock is owned by institutional investors.

KT Price Performance

Shares of KT stock traded up $0.16 during midday trading on Wednesday, hitting $17.94. 924,613 shares of the company were exchanged, compared to its average volume of 1,450,318. The firm has a 50 day simple moving average of $16.97 and a 200-day simple moving average of $16.19. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.45. The firm has a market cap of $9.25 billion, a P/E ratio of 10.08, 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.

Remove Ads

Analyst Ratings Changes

Several brokerages recently commented on KT. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, UBS Group assumed coverage on shares of KT in a research report on Wednesday, February 19th. They issued a "buy" rating for the company.

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.