Ethic Inc. Boosts Stock Position in KT Co. (NYSE:KT)

Ethic Inc. increased its stake in KT Co. (NYSE:KT) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 155,873 shares of the technology company’s stock after purchasing an additional 1,479 shares during the quarter. Ethic Inc.’s holdings in KT were worth $2,419,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KT. R Squared Ltd purchased a new stake in KT during the 4th quarter worth about $36,000. Principal Securities Inc. increased its position in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after buying an additional 2,667 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of KT by 37.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock worth $124,000 after buying an additional 2,181 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of KT in the fourth quarter valued at approximately $181,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

KT Stock Performance

Shares of KT opened at $19.32 on Monday. KT Co. has a 12-month low of $13.11 and a 12-month high of $20.28. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The company has a market cap of $9.96 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. The stock has a 50-day moving average price of $18.13 and a 200-day moving average price of $17.09.

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.