Atlas Capital Advisors Inc. Grows Stock Position in KT Co. (NYSE:KT)

Atlas Capital Advisors Inc. boosted its position in KT Co. (NYSE:KT) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,338 shares of the technology company’s stock after buying an additional 4,588 shares during the period. Atlas Capital Advisors Inc.’s holdings in KT were worth $300,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock worth $153,913,000 after buying an additional 7,901,522 shares in the last quarter. North of South Capital LLP raised its position in KT by 2,407.3% in 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 acquiring an additional 4,049,439 shares in the last quarter. Ninety One UK Ltd purchased a new stake in shares of KT during the 4th quarter worth $59,145,000. Robeco Institutional Asset Management B.V. grew its stake in shares of 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 worth $72,507,000 after purchasing an additional 1,063,736 shares during the period. Finally, 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 in the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

KT Stock Down 3.0 %

KT stock opened at $17.33 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The company’s 50 day simple moving average is $17.55 and its 200-day simple moving average is $16.52. KT Co. has a 12 month low of $12.10 and a 12 month high of $18.74. The firm has a market capitalization of $8.94 billion, a PE ratio of 9.74, a P/E/G ratio of 0.37 and a beta of 0.95.

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.