21,267 Shares in KT Co. (NYSE:KT) Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC acquired a new position in KT Co. (NYSE:KT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,267 shares of the technology company's stock, valued at approximately $330,000.

A number of other hedge funds have also recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in KT during the 4th quarter worth approximately $36,000. Principal Securities Inc. boosted its holdings in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after purchasing an additional 1,544 shares during the period. GAMMA Investing LLC grew its stake in KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock worth $101,000 after purchasing an additional 2,902 shares in the last quarter. Global Retirement Partners LLC increased its holdings in KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after purchasing an additional 2,667 shares during the period. Finally, TD Private Client Wealth LLC raised its position in KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock valued at $124,000 after purchasing an additional 2,181 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Price Performance

Shares of KT traded down $0.05 during mid-day trading on Monday, hitting $17.26. The company's stock had a trading volume of 141,033 shares, compared to its average volume of 1,082,689. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. KT Co. has a 1-year low of $12.10 and a 1-year high of $18.74. The firm has a market capitalization of $8.90 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.37 and a beta of 0.83. The firm has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $16.60.

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Analyst Ratings Changes

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

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.