KT Co. (NYSE:KT) Stock Position Reduced by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD trimmed its position in shares of KT Co. (NYSE:KT - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,084,225 shares of the technology company's stock after selling 37,244 shares during the period. Mondrian Investment Partners LTD owned approximately 0.40% of KT worth $32,347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. North of South Capital LLP boosted its position in shares of 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 worth $65,458,000 after buying an additional 4,049,439 shares during the period. Ninety One UK Ltd acquired a new stake in KT in the fourth quarter valued at approximately $59,145,000. Robeco Institutional Asset Management B.V. raised its stake in shares of KT by 29.5% during the fourth 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 during the period. Ninety One North America Inc. acquired a new position in shares of KT during the fourth quarter worth $12,749,000. Finally, Alberta Investment Management Corp acquired a new stake in KT during the 4th quarter valued at $11,986,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on KT shares. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th. UBS Group started coverage on KT in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd.

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KT Stock Down 1.4 %

KT traded down $0.27 during trading on Tuesday, hitting $18.36. The company had a trading volume of 1,153,016 shares, compared to its average volume of 979,272. 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 company has a market cap of $9.47 billion, a PE ratio of 10.32, a P/E/G ratio of 0.37 and a beta of 0.95. The business has a 50-day moving average of $17.18 and a 200-day moving average of $16.28.

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.