US Bancorp DE Raises Stake in KT Co. (NYSE:KT)

US Bancorp DE lifted its position in shares of KT Co. (NYSE:KT) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 284,354 shares of the technology company’s stock after buying an additional 13,992 shares during the quarter. US Bancorp DE owned approximately 0.06% of KT worth $4,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KT. North of South Capital LLP grew its holdings in shares of KT by 2,407.3% during the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after buying an additional 4,049,439 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of KT in the fourth quarter worth approximately $59,145,000. Robeco Institutional Asset Management B.V. boosted its position in shares of KT by 29.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock worth $72,507,000 after acquiring an additional 1,063,736 shares during the last quarter. Ninety One North America Inc. acquired a new stake in shares of KT in the fourth quarter worth approximately $12,749,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of KT in the fourth quarter worth approximately $11,986,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KT shares. UBS Group started coverage on shares of KT in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a research report on Monday.

KT Trading Up 4.9 %

Shares of KT stock opened at $17.95 on Thursday. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 10.08, 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. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $18.45. The firm’s 50 day moving average price is $16.81 and its two-hundred day moving average price is $16.09.

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.