KT Co. (NYSE:KT) Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV cut its stake in shares of KT Co. (NYSE:KT) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 197,000 shares of the technology company’s stock after selling 2,500 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in KT were worth $3,057,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rhumbline Advisers grew its stake in shares of KT by 57.4% during the 4th quarter. Rhumbline Advisers now owns 90,816 shares of the technology company’s stock worth $1,409,000 after purchasing an additional 33,119 shares during the period. Savant Capital LLC acquired a new position in shares of KT during the 4th quarter worth $182,000. Kestra Private Wealth Services LLC purchased a new stake in shares of KT in the 4th quarter worth about $670,000. Ninety One UK Ltd purchased a new stake in shares of KT in the 4th quarter worth about $59,145,000. Finally, Ninety One North America Inc. purchased a new stake in shares of KT in the 4th quarter worth about $12,749,000. 18.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

KT Price Performance

KT stock opened at $17.10 on Friday. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.45. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $16.45 and its 200 day simple moving average is $15.75. The firm has a market capitalization of $8.82 billion, a PE ratio of 9.60, a P/E/G ratio of 0.35 and a beta of 0.95.

KT (NYSE:KT) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 EPS for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. On average, equities research analysts predict that KT Co. will post 0.88 EPS for the current fiscal year.

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.