KT Co. (NYSE:KT) Stock Position Lifted by Eagle Asset Management Inc.

Eagle Asset Management Inc. lifted its stake in shares of KT Co. (NYSE:KT) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,379 shares of the technology company’s stock after purchasing an additional 3,926 shares during the quarter. Eagle Asset Management Inc.’s holdings in KT were worth $589,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of KT. Price T Rowe Associates Inc. MD lifted its position in KT by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock worth $141,061,000 after purchasing an additional 829,682 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in KT by 5.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 255,760 shares of the technology company’s stock valued at $3,586,000 after buying an additional 13,360 shares in the last quarter. Boston Partners bought a new position in KT during the first quarter valued at about $1,330,000. EverSource Wealth Advisors LLC grew its holdings in KT by 41.9% during the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,264 shares during the period. Finally, Aprio Wealth Management LLC bought a new stake in KT in the second quarter worth about $151,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Trading Up 2.2 %

NYSE:KT opened at $16.97 on Tuesday. The stock has a fifty day simple moving average of $15.50 and a 200 day simple moving average of $14.45. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.90. KT Co. has a 1-year low of $12.10 and a 1-year high of $17.02. 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 (NYSE:KT) last released its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The business had revenue of $4.77 billion for the quarter. KT had a net margin of 4.50% and a return on equity of 6.23%. Sell-side analysts forecast that KT Co. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KT. StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th. New Street Research raised KT to a “strong-buy” rating in a report on Monday, September 9th.

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.