Natixis Advisors LLC Raises Stake in KT Co. (NYSE:KT)

Natixis Advisors LLC lifted its position in KT Co. (NYSE:KT) by 14.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,935 shares of the technology company’s stock after purchasing an additional 25,420 shares during the period. Natixis Advisors LLC’s holdings in KT were worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its stake in KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after purchasing an additional 1,101,669 shares during the period. Price T Rowe Associates Inc. MD grew its stake in KT by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after acquiring an additional 829,682 shares in the last quarter. Acadian Asset Management LLC increased its holdings in KT by 245.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after acquiring an additional 804,986 shares during the last quarter. Assetmark Inc. lifted its stake in KT by 945.1% in the 3rd quarter. Assetmark Inc. now owns 137,383 shares of the technology company’s stock worth $2,113,000 after purchasing an additional 124,237 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of KT by 31.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock valued at $5,555,000 after purchasing an additional 96,518 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KT shares. New Street Research upgraded KT to a “strong-buy” rating in a research report on Monday, September 9th. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

KT Stock Up 1.6 %

Shares of KT opened at $16.60 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.04 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 $16.61. The company has a market cap of $8.56 billion, a PE ratio of 10.13, a P/E/G ratio of 1.20 and a beta of 0.90. The business has a fifty day moving average of $15.50 and a 200 day moving average of $14.43.

KT (NYSE:KT) last released its earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. The firm had revenue of $4.77 billion for the quarter. On average, sell-side analysts expect that KT Co. will post 0.85 EPS for the current year.

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.