Sequoia Financial Advisors LLC reduced its stake in KT Co. (NYSE:KT - Free Report) by 39.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,388 shares of the technology company's stock after selling 13,688 shares during the quarter. Sequoia Financial Advisors LLC's holdings in KT were worth $332,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in KT by 30.0% during the fourth quarter. HighTower Advisors LLC now owns 36,241 shares of the technology company's stock worth $562,000 after acquiring an additional 8,369 shares during the period. Personal CFO Solutions LLC acquired a new position in KT during the fourth quarter worth $186,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in KT during the fourth quarter worth $768,000. Raymond James Financial Inc. acquired a new position in KT during the fourth quarter worth $4,333,000. Finally, M&T Bank Corp acquired a new position in KT during the fourth quarter worth $211,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.
KT Price Performance
KT traded down $0.40 during trading on Friday, reaching $17.79. 2,389,627 shares of the stock were exchanged, compared to its average volume of 986,668. The business's 50 day moving average price is $17.38 and its two-hundred day moving average price is $16.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 0.37 and a beta of 0.95. KT Co. has a 1 year low of $12.10 and a 1 year high of $18.74.
Analyst Ratings Changes
A number of brokerages recently weighed in on KT. UBS Group began coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock. The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, StockNews.com downgraded KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th.
Read Our Latest Stock Report on KT
About KT
(
Free Report)
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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