QRG Capital Management Inc. Acquires 18,398 Shares of KT Co. (NYSE:KT)

QRG Capital Management Inc. boosted its position in KT Co. (NYSE:KT - Free Report) by 35.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,826 shares of the technology company's stock after purchasing an additional 18,398 shares during the period. QRG Capital Management Inc.'s holdings in KT were worth $1,099,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in KT by 29.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company's stock worth $72,507,000 after acquiring an additional 1,063,736 shares in the last quarter. North of South Capital LLP raised its position in shares of KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company's stock valued at $65,458,000 after purchasing an additional 4,049,439 shares during the period. Ninety One UK Ltd purchased a new position in shares of KT during the 4th quarter valued at $59,145,000. Ninety One North America Inc. bought a new position in KT in the 4th quarter worth $12,749,000. Finally, Alberta Investment Management Corp purchased a new stake in KT in the 4th quarter worth $11,986,000. 18.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KT shares. StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. UBS Group began coverage on shares of KT in a report on Wednesday, February 19th. They set a "buy" rating for the company. Finally, The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a report on Monday.

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KT Price Performance

NYSE KT traded down $0.01 during trading on Friday, hitting $17.91. 1,249,825 shares of the stock traded hands, compared to its average volume of 1,470,196. The company has a market capitalization of $9.24 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.45. The firm has a 50-day simple moving average of $16.85 and a 200-day simple moving average of $16.10. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

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.