KT Co. (NYSE:KT) Stake Lessened by Raymond James & Associates

Raymond James & Associates reduced its holdings in KT Co. (NYSE:KT - Free Report) by 24.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 251,091 shares of the technology company's stock after selling 82,561 shares during the quarter. Raymond James & Associates' holdings in KT were worth $3,862,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in KT by 41.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company's stock valued at $60,000 after purchasing an additional 1,264 shares during the period. Crewe Advisors LLC bought a new position in KT in the 1st quarter worth approximately $98,000. Envestnet Portfolio Solutions Inc. acquired a new stake in KT in the 2nd quarter valued at approximately $140,000. Aprio Wealth Management LLC bought a new stake in KT during the 2nd quarter valued at $151,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in KT during the 1st quarter worth $179,000. Institutional investors own 18.86% of the company's stock.

Analyst Upgrades and Downgrades

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

KT Price Performance

Shares of KT traded up $0.04 during trading hours on Monday, hitting $15.76. 416,521 shares of the company were exchanged, compared to its average volume of 740,098. The firm has a fifty day simple moving average of $15.34 and a 200-day simple moving average of $14.13. The company has a market capitalization of $8.13 billion, a PE ratio of 9.59, a PEG ratio of 1.01 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.01. KT Co. has a one year low of $12.10 and a one year high of $15.99.

KT (NYSE:KT - Get Free Report) last released its quarterly 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 return on equity of 5.60% and a net margin of 4.07%. As a group, sell-side analysts predict that KT Co. will post 1.23 earnings per share for the current 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.