O Shaughnessy Asset Management LLC Raises Position in KT Co. (NYSE:KT)

O Shaughnessy Asset Management LLC grew its position in shares of KT Co. (NYSE:KT - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 621,606 shares of the technology company's stock after purchasing an additional 21,222 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.12% of KT worth $9,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KT. Robeco Institutional Asset Management B.V. boosted its position in shares of KT by 29.5% during the 4th 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 purchasing an additional 1,063,736 shares in the last quarter. North of South Capital LLP lifted its stake in KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company's stock valued at $65,458,000 after buying an additional 4,049,439 shares during the period. Ninety One UK Ltd bought a new position in shares of KT during the 4th quarter worth approximately $59,145,000. Boston Partners grew its position in shares of KT by 215.6% during the 4th quarter. Boston Partners now owns 1,247,881 shares of the technology company's stock worth $19,380,000 after buying an additional 852,539 shares during the period. Finally, Ninety One North America Inc. bought a new stake in shares of KT in the 4th quarter valued at $12,749,000. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Stock Down 3.0 %

Shares of NYSE:KT traded down $0.54 during trading on Friday, reaching $17.33. 1,710,519 shares of the stock were exchanged, compared to its average volume of 1,082,378. The stock has a fifty day moving average of $17.55 and a two-hundred day moving average of $16.52. KT Co. has a 1-year low of $12.10 and a 1-year high of $18.74. 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 firm has a market cap of $8.94 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95.

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Analysts Set New Price Targets

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

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.