Rockefeller Capital Management L.P. Sells 42,496 Shares of KT Co. (NYSE:KT)

Rockefeller Capital Management L.P. decreased its stake in KT Co. (NYSE:KT) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,320,993 shares of the technology company’s stock after selling 42,496 shares during the period. Rockefeller Capital Management L.P. owned 0.26% of KT worth $20,317,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KT. Robeco Institutional Asset Management B.V. lifted its stake in KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after purchasing an additional 1,101,669 shares during the last quarter. Sei Investments Co. lifted its stake in KT by 2.3% in the 2nd quarter. Sei Investments Co. now owns 1,519,693 shares of the technology company’s stock valued at $20,774,000 after purchasing an additional 34,164 shares during the last quarter. Acadian Asset Management LLC lifted its stake in KT by 245.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after purchasing an additional 804,986 shares during the last quarter. FMR LLC lifted its stake in KT by 10.1% in the 3rd quarter. FMR LLC now owns 711,072 shares of the technology company’s stock valued at $10,936,000 after purchasing an additional 65,415 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in KT by 31.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock valued at $5,555,000 after purchasing an additional 96,518 shares during the last quarter. Institutional investors own 18.86% of the company’s stock.

KT Trading Down 0.8 %

Shares of KT stock opened at $18.15 on Monday. The firm has a 50 day moving average price of $15.73 and a two-hundred day moving average price of $14.61. 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 company has a market capitalization of $9.36 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.33 and a beta of 0.90. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.45.

Analysts Set New Price Targets

KT has been the subject of several recent analyst reports. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th. New Street Research upgraded shares of KT to a “strong-buy” rating in a research report on Monday, September 9th.

About KT

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.