Todd Asset Management LLC Reduces Stake in KT Co. (NYSE:KT)

Todd Asset Management LLC lowered its holdings in KT Co. (NYSE:KT - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 234,760 shares of the technology company's stock after selling 22,000 shares during the quarter. Todd Asset Management LLC's holdings in KT were worth $3,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of KT in the 4th quarter valued at about $36,000. Principal Securities Inc. boosted its position in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after purchasing an additional 1,544 shares during the period. Venturi Wealth Management LLC boosted its position in shares of KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company's stock valued at $70,000 after purchasing an additional 4,464 shares during the period. GAMMA Investing LLC boosted its position in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after purchasing an additional 2,902 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock valued at $113,000 after purchasing an additional 2,667 shares during the period. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Stock Performance

KT stock traded down $0.09 during mid-day trading on Friday, reaching $17.13. 1,982,572 shares of the company were exchanged, compared to its average volume of 1,424,207. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.45. The firm's 50-day simple moving average is $16.73 and its two-hundred day simple moving average is $16.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market cap of $8.83 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95.

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KT (NYSE:KT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. Equities analysts predict that KT Co. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports 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 started coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating for the company.

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.