Natixis Advisors LLC Has $3.76 Million Stock Position in KT Co. (NYSE:KT)

Natixis Advisors LLC increased its stake in KT Co. (NYSE:KT - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,160 shares of the technology company's stock after purchasing an additional 45,225 shares during the period. Natixis Advisors LLC's holdings in KT were worth $3,758,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of KT in the fourth quarter valued at approximately $36,000. Principal Securities Inc. raised its stake in KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after acquiring an additional 1,544 shares in the last quarter. GAMMA Investing LLC boosted its position in KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock worth $101,000 after acquiring an additional 2,902 shares during the period. Global Retirement Partners LLC boosted its position in KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after acquiring an additional 2,667 shares during the period. Finally, MML Investors Services LLC bought a new position in shares of KT in the third quarter worth $160,000. 18.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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KT Stock Up 0.8 %

Shares of KT stock traded up $0.14 on Wednesday, reaching $17.87. 610,933 shares of the company's stock traded hands, compared to its average volume of 1,407,160. The company has a market capitalization of $9.21 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The business's 50 day moving average price is $17.44 and its two-hundred day moving average price is $16.41.

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.