Renaissance Technologies LLC Sells 209,959 Shares of KT Co. (NYSE:KT)

Renaissance Technologies LLC decreased its holdings in shares of KT Co. (NYSE:KT - Free Report) by 70.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,693 shares of the technology company's stock after selling 209,959 shares during the quarter. Renaissance Technologies LLC's holdings in KT were worth $1,361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KT. Wellington Management Group LLP grew its stake in shares of KT by 392.0% in the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company's stock valued at $153,913,000 after acquiring an additional 7,901,522 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of KT by 29.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company's stock worth $72,507,000 after purchasing an additional 1,063,736 shares during the period. North of South Capital LLP increased its stake in 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 worth $65,458,000 after acquiring an additional 4,049,439 shares during the period. Ninety One UK Ltd bought a new stake in shares of KT during the 4th quarter valued at $59,145,000. Finally, Boston Partners grew its holdings in shares of KT by 215.6% during the 4th quarter. Boston Partners now owns 1,247,881 shares of the technology company's stock worth $19,380,000 after purchasing an additional 852,539 shares in the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Stock Up 1.6 %

Shares of NYSE KT opened at $18.98 on Tuesday. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.37 and a beta of 0.83. 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 12 month low of $12.54 and a 12 month high of $19.11. The stock has a 50-day moving average price of $17.74 and a two-hundred day moving average price of $16.84.

Analysts Set New Price Targets

Several research firms recently weighed in on KT. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. UBS Group started coverage on shares of KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, StockNews.com downgraded shares of KT from a "strong-buy" rating to a "buy" rating in a research report 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.

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