43,194 Shares in KT Co. (NYSE:KT) Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC purchased a new stake in shares of KT Co. (NYSE:KT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 43,194 shares of the technology company’s stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KT. R Squared Ltd acquired a new stake in shares of KT during the 4th quarter worth about $36,000. Venturi Wealth Management LLC lifted its position in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after acquiring an additional 4,464 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after acquiring an additional 2,902 shares during the period. MML Investors Services LLC acquired a new position in shares of KT in the third quarter valued at approximately $160,000. Finally, Private Advisor Group LLC bought a new position in shares of KT during the third quarter worth approximately $164,000. 18.86% of the stock is owned by institutional investors.

KT Stock Performance

NYSE KT opened at $17.10 on Friday. The firm has a 50-day moving average price of $16.45 and a two-hundred day moving average price of $15.75. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.45. The company has a market capitalization of $8.82 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.35 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.

KT (NYSE:KT) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. Analysts anticipate that KT Co. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

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.