KT Co. (NYSE:KT) Stock Position Increased by National Bank of Canada FI

National Bank of Canada FI lifted its stake in KT Co. (NYSE:KT - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 535,181 shares of the technology company's stock after buying an additional 40,341 shares during the period. National Bank of Canada FI owned approximately 0.10% of KT worth $8,306,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. R Squared Ltd acquired a new stake in KT in the fourth quarter valued at approximately $36,000. Principal Securities Inc. grew its holdings 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 purchasing an additional 1,544 shares in the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 2,902 shares during the period. Global Retirement Partners LLC lifted its holdings in KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after buying an additional 2,667 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock valued at $124,000 after buying an additional 2,181 shares during the last quarter. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Stock Down 1.2 %

NYSE:KT traded down $0.21 during mid-day trading on Thursday, reaching $17.01. The stock had a trading volume of 310,159 shares, compared to its average volume of 1,083,767. 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 stock's 50 day simple moving average is $17.49 and its two-hundred day simple moving average is $16.57. KT Co. has a 1-year low of $12.10 and a 1-year high of $18.74. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.37 and a beta of 0.83.

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Wall Street Analyst Weigh In

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

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.