KT Co. (NYSE:KT) Position Reduced by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. reduced its position in KT Co. (NYSE:KT) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,242 shares of the technology company’s stock after selling 1,935 shares during the period. Ramirez Asset Management Inc.’s holdings in KT were worth $1,618,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KT. Robeco Institutional Asset Management B.V. raised its stake in KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock valued at $72,507,000 after purchasing an additional 1,063,736 shares during the period. North of South Capital LLP lifted its stake in KT by 2,407.3% in the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after acquiring an additional 4,049,439 shares in the last quarter. Ninety One UK Ltd purchased a new position in KT during the 4th quarter valued at about $59,145,000. Boston Partners increased its holdings in shares of KT by 215.6% in the 4th quarter. Boston Partners now owns 1,247,881 shares of the technology company’s stock valued at $19,380,000 after purchasing an additional 852,539 shares during the period. Finally, Ninety One North America Inc. purchased a new stake in shares of KT in the fourth quarter worth approximately $12,749,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Price Performance

NYSE:KT opened at $17.64 on Friday. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.37 and a beta of 0.95. The company has a 50-day moving average of $17.49 and a 200-day moving average of $16.43. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04.

Wall Street Analyst Weigh In

KT has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. Finally, UBS Group began coverage on shares of KT in a report on Wednesday, February 19th. They set a “buy” rating for the company.

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.