Ethic Inc. Has $2.76 Million Position in KT Corporation $KT

Ethic Inc. reduced its position in shares of KT Corporation (NYSE:KT) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 136,141 shares of the technology company’s stock after selling 3,915 shares during the period. Ethic Inc.’s holdings in KT were worth $2,764,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KT. GAMMA Investing LLC raised its stake in KT by 20.4% during the 1st quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company’s stock valued at $138,000 after purchasing an additional 1,323 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of KT by 18.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 5,547,691 shares of the technology company’s stock worth $98,250,000 after acquiring an additional 875,840 shares during the last quarter. Park Place Capital Corp increased its stake in shares of KT by 66.7% in the first quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock worth $36,000 after acquiring an additional 819 shares during the last quarter. Shilanski & Associates Inc. acquired a new position in shares of KT in the first quarter worth $209,000. Finally, Bank of New York Mellon Corp increased its stake in shares of KT by 9.2% in the first quarter. Bank of New York Mellon Corp now owns 19,861 shares of the technology company’s stock worth $352,000 after acquiring an additional 1,680 shares during the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KT shares. Wall Street Zen downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. Zacks Research downgraded shares of KT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KT in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, KT presently has an average rating of “Moderate Buy”.

KT Trading Down 0.6%

Shares of NYSE:KT opened at $18.62 on Friday. The stock has a market capitalization of $9.60 billion, a PE ratio of 13.79, a P/E/G ratio of 0.13 and a beta of 0.70. KT Corporation has a 1 year low of $14.79 and a 1 year high of $21.61. The firm has a fifty day moving average price of $19.69 and a 200 day moving average price of $19.69. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.41.

KT (NYSE:KT) last issued its quarterly earnings data on Friday, September 5th. The technology company reported $1.01 earnings per share (EPS) for the quarter. The firm had revenue of $5.31 billion during the quarter. KT had a net margin of 3.35% and a return on equity of 5.06%. Analysts expect that KT Corporation will post 0.73 EPS for the current fiscal 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.