Rhumbline Advisers Boosts Stock Holdings in KT Co. (NYSE:KT)

Rhumbline Advisers lifted its stake in KT Co. (NYSE:KT - Free Report) by 57.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,816 shares of the technology company's stock after buying an additional 33,119 shares during the quarter. Rhumbline Advisers' holdings in KT were worth $1,409,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC grew its holdings in KT by 18.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company's stock valued at $823,000 after buying an additional 7,858 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of KT by 74.9% in the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock valued at $1,650,000 after purchasing an additional 45,941 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in KT in the third quarter worth $779,000. Robeco Institutional Asset Management B.V. lifted its position in KT by 44.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company's stock valued at $55,493,000 after purchasing an additional 1,101,669 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of KT in the 3rd quarter worth about $592,000. Institutional investors own 18.86% of the company's stock.

Analysts Set New Price Targets

KT has been the topic of several analyst reports. UBS Group initiated coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, StockNews.com cut shares of KT from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 20th.

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KT Trading Down 0.1 %

Shares of KT stock traded down $0.01 on Friday, reaching $17.91. 1,249,886 shares of the company's stock were exchanged, compared to its average volume of 1,470,197. The company's fifty day simple moving average is $16.89 and its 200 day simple moving average is $16.13. The stock has a market capitalization of $9.24 billion, a PE ratio of 10.06, a P/E/G ratio of 0.37 and a beta of 0.95. 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 52 week low of $12.10 and a 52 week high of $18.45.

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.