JPMorgan Chase & Co. Has $1.65 Million Stock Position in KT Co. (NYSE:KT)

JPMorgan Chase & Co. grew its stake in shares of KT Co. (NYSE:KT - Free Report) by 74.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 107,294 shares of the technology company's stock after acquiring an additional 45,941 shares during the period. JPMorgan Chase & Co.'s holdings in KT were worth $1,650,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC increased its stake in shares of KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company's stock worth $70,000 after acquiring an additional 4,464 shares during the last quarter. MML Investors Services LLC purchased a new position in KT in the third quarter valued at about $160,000. Private Advisor Group LLC purchased a new stake in shares of KT during the 3rd quarter worth about $164,000. Centiva Capital LP acquired a new stake in shares of KT during the 3rd quarter valued at about $191,000. Finally, XTX Topco Ltd bought a new stake in shares of KT in the 3rd quarter valued at approximately $214,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of KT from a "buy" rating to a "strong-buy" rating in a research report on Thursday.

KT Stock Up 2.9 %

Shares of KT traded up $0.50 during trading hours on Thursday, hitting $17.46. 1,683,303 shares of the company were exchanged, compared to its average volume of 1,294,471. The firm's 50 day moving average is $16.33 and its 200-day moving average is $15.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.45. The company has a market cap of $9.00 billion, a PE ratio of 9.81, a PEG ratio of 0.42 and a beta of 0.95.

KT (NYSE:KT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. On average, equities research analysts forecast that KT Co. will post 0.85 EPS for the current fiscal year.

KT Company 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.