Ninety One North America Inc. Purchases Shares of 821,472 KT Co. (NYSE:KT)

Ninety One North America Inc. purchased a new stake in shares of KT Co. (NYSE:KT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 821,472 shares of the technology company's stock, valued at approximately $12,749,000. Ninety One North America Inc. owned 0.16% of KT as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC grew its holdings in KT by 12.5% in the 4th quarter. Caprock Group LLC now owns 94,228 shares of the technology company's stock worth $1,462,000 after acquiring an additional 10,457 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of KT by 29.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company's stock worth $72,507,000 after purchasing an additional 1,063,736 shares during the last quarter. R Squared Ltd purchased a new position in KT during the 4th quarter valued at about $36,000. Blue Trust Inc. raised its position in KT by 52.2% during the 4th quarter. Blue Trust Inc. now owns 84,999 shares of the technology company's stock valued at $1,307,000 after purchasing an additional 29,165 shares during the last quarter. Finally, apricus wealth LLC lifted its holdings in KT by 2.8% in the 4th quarter. apricus wealth LLC now owns 193,540 shares of the technology company's stock worth $3,004,000 after buying an additional 5,325 shares during the period. 18.86% of the stock is owned by institutional investors.

KT Stock Down 1.9 %

Shares of NYSE KT traded down $0.32 during mid-day trading on Friday, hitting $16.71. 1,022,916 shares of the stock traded hands, compared to its average volume of 1,196,307. The stock has a fifty day moving average price of $16.54 and a 200-day moving average price of $15.65. 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 company has a market cap of $8.62 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.35 and a beta of 0.95. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.45.

KT (NYSE:KT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Research analysts anticipate that KT Co. will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 31st.

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.