KT Co. (NYSE:KT) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its holdings in shares of KT Co. (NYSE:KT) by 177.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,489 shares of the technology company’s stock after purchasing an additional 8,634 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in KT were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. HighTower Advisors LLC increased its position in shares of KT by 30.0% during the 4th quarter. HighTower Advisors LLC now owns 36,241 shares of the technology company’s stock worth $562,000 after purchasing an additional 8,369 shares during the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of KT during the 4th quarter worth about $186,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of KT during the 4th quarter worth about $768,000. Raymond James Financial Inc. acquired a new stake in shares of KT during the 4th quarter worth about $4,333,000. Finally, M&T Bank Corp acquired a new stake in shares of KT during the 4th quarter worth about $211,000. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Stock Performance

NYSE KT opened at $18.27 on Monday. The company has a market cap of $9.42 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.37 and a beta of 0.95. 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 stock has a 50-day moving average of $17.12 and a two-hundred day moving average of $16.25. KT Co. has a 1-year low of $12.10 and a 1-year high of $18.45.

Analyst Ratings Changes

A number of analysts recently issued reports on KT shares. The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th. Finally, UBS Group began coverage on KT in a research report on Wednesday, February 19th. They issued a “buy” rating for the company.

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.