KT Co. (NYSE:KT) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in KT Co. (NYSE:KT - Free Report) by 44.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,608,115 shares of the technology company's stock after buying an additional 1,101,669 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.70% of KT worth $55,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of KT by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company's stock valued at $141,061,000 after acquiring an additional 829,682 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of KT by 245.7% during the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company's stock worth $15,476,000 after buying an additional 804,986 shares in the last quarter. Natixis Advisors LLC lifted its stake in KT by 383.2% in the second quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company's stock worth $2,345,000 after acquiring an additional 136,021 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in KT by 55.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company's stock worth $5,247,000 after acquiring an additional 133,570 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of KT by 31.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company's stock valued at $5,555,000 after purchasing an additional 96,518 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Stock Performance

NYSE KT traded down $0.16 on Tuesday, reaching $15.60. The stock had a trading volume of 548,711 shares, compared to its average volume of 739,828. The stock has a market cap of $8.05 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.90. KT Co. has a 12-month low of $12.10 and a 12-month high of $15.99. The business's 50-day moving average price is $15.35 and its 200 day moving average price is $14.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.08.

KT (NYSE:KT - Get Free Report) last released its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. The firm had revenue of $4.77 billion during the quarter. As a group, equities analysts expect that KT Co. will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.