Pinpoint Asset Management Ltd Invests $798,000 in KT Co. (NYSE:KT)

Pinpoint Asset Management Ltd acquired a new stake in KT Co. (NYSE:KT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 51,420 shares of the technology company’s stock, valued at approximately $798,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KT. Thrivent Financial for Lutherans acquired a new stake in shares of KT in the 3rd quarter valued at about $368,000. Cerity Partners LLC grew its holdings in shares of KT by 74.6% during the third quarter. Cerity Partners LLC now owns 37,404 shares of the technology company’s stock worth $575,000 after buying an additional 15,980 shares in the last quarter. FMR LLC grew its holdings in shares of KT by 10.1% during the third quarter. FMR LLC now owns 711,072 shares of the technology company’s stock worth $10,936,000 after buying an additional 65,415 shares in the last quarter. BNP Paribas Financial Markets raised its position in KT by 65.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 246,563 shares of the technology company’s stock valued at $3,792,000 after buying an additional 97,838 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in KT in the 3rd quarter valued at approximately $219,000. 18.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KT shares. StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, UBS Group initiated coverage on shares of KT in a research note on Wednesday, February 19th. They set a “buy” rating for the company.

KT Stock Up 3.3 %

NYSE:KT opened at $17.88 on Friday. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.77. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. 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 stock’s 50 day moving average price is $17.56 and its two-hundred day moving average price is $16.50.

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.