Allspring Global Investments Holdings LLC Sells 1,103,054 Shares of KT Co. (NYSE:KT)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of KT Co. (NYSE:KT - Free Report) by 10.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,107,187 shares of the technology company's stock after selling 1,103,054 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.77% of KT worth $140,069,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of KT by 68.6% during the first quarter. GAMMA Investing LLC now owns 3,516 shares of the technology company's stock valued at $49,000 after purchasing an additional 1,430 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in KT by 41.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company's stock worth $60,000 after acquiring an additional 1,264 shares during the last quarter. Crewe Advisors LLC purchased a new position in KT in the 1st quarter worth approximately $98,000. Janiczek Wealth Management LLC raised its holdings in KT by 145.1% in the 1st quarter. Janiczek Wealth Management LLC now owns 8,254 shares of the technology company's stock worth $116,000 after acquiring an additional 4,886 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in KT in the 2nd quarter worth approximately $140,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Stock Performance

KT traded up $0.04 during mid-day trading on Friday, reaching $15.75. 497,597 shares of the company traded hands, compared to its average volume of 747,051. The stock has a market capitalization of $8.12 billion, a P/E ratio of 9.49, a P/E/G ratio of 0.71 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. The company's fifty day moving average price is $15.08 and its 200-day moving average price is $13.94. KT Co. has a 52-week low of $11.83 and a 52-week high of $15.90.

KT (NYSE:KT - Get Free Report) last announced its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The business had revenue of $4.77 billion during the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. On average, sell-side analysts expect that KT Co. will post 1.86 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KT shares. StockNews.com upgraded shares of KT from a "buy" rating to a "strong-buy" rating in a report on Friday, August 23rd. The Goldman Sachs Group lowered shares of KT from a "buy" rating to a "neutral" rating in a report on Thursday, July 11th. Finally, New Street Research upgraded shares of KT to a "strong-buy" rating in a report on Monday, September 9th.

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.