Kopernik Global Investors LLC Reduces Stake in KT Co. (NYSE:KT)

Kopernik Global Investors LLC trimmed its holdings in KT Co. (NYSE:KT - Free Report) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,915,343 shares of the technology company's stock after selling 555,411 shares during the quarter. KT accounts for about 13.4% of Kopernik Global Investors LLC's portfolio, making the stock its biggest holding. Kopernik Global Investors LLC owned 1.53% of KT worth $122,846,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Qtron Investments LLC grew its holdings in shares of KT by 5.1% in the 4th quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock worth $210,000 after acquiring an additional 652 shares during the last quarter. Principal Securities Inc. increased its stake in 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 purchasing an additional 1,544 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in KT by 3.5% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company's stock worth $722,000 after purchasing an additional 1,581 shares in the last quarter. Signaturefd LLC raised its holdings in KT by 8.2% during the 4th quarter. Signaturefd LLC now owns 22,776 shares of the technology company's stock worth $353,000 after buying an additional 1,732 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in KT by 15.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,959 shares of the technology company's stock valued at $232,000 after buying an additional 1,996 shares in the last quarter. Institutional investors own 18.86% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KT shares. UBS Group assumed coverage on shares of KT in a research report on Wednesday, February 19th. They issued a "buy" rating on the stock. StockNews.com cut shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd.

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KT Price Performance

Shares of KT opened at $17.31 on Friday. The business's 50-day moving average is $17.49 and its 200-day moving average is $16.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 0.37 and a beta of 0.83. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $18.74.

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.

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