Rockefeller Capital Management L.P. Raises Stock Holdings in KT Co. (NYSE:KT)

Rockefeller Capital Management L.P. grew its position in KT Co. (NYSE:KT - Free Report) by 28.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,697,187 shares of the technology company's stock after buying an additional 376,194 shares during the quarter. Rockefeller Capital Management L.P. owned 0.33% of KT worth $26,340,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of KT by 392.0% in the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company's stock worth $153,913,000 after acquiring an additional 7,901,522 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in KT by 29.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company's stock valued at $72,507,000 after purchasing an additional 1,063,736 shares during the last quarter. North of South Capital LLP raised its holdings in KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company's stock worth $65,458,000 after purchasing an additional 4,049,439 shares in the last quarter. Ninety One UK Ltd purchased a new stake in shares of KT during the fourth quarter valued at about $59,145,000. Finally, Boston Partners lifted its position in shares of KT by 215.6% during the fourth quarter. Boston Partners now owns 1,247,881 shares of the technology company's stock valued at $19,380,000 after buying an additional 852,539 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

Wall Street Analysts Forecast Growth

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

KT Stock Performance

Shares of KT stock traded up $0.34 on Friday, hitting $18.01. The company had a trading volume of 1,681,037 shares, compared to its average volume of 1,096,970. KT Co. has a twelve month low of $12.16 and a twelve month high of $18.74. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.29 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 0.37 and a beta of 0.83. The company has a 50-day moving average price of $17.56 and a 200-day moving average price of $16.66.

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.