Redhawk Wealth Advisors Inc. Makes New $691,000 Investment in KT Co. (NYSE:KT)

Redhawk Wealth Advisors Inc. bought a new stake in KT Co. (NYSE:KT) during the third quarter, Holdings Channel reports. The institutional investor bought 44,943 shares of the technology company’s stock, valued at approximately $691,000.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of KT by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after buying an additional 829,682 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of KT by 245.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock worth $15,476,000 after purchasing an additional 804,986 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of KT by 383.2% during the 2nd quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock valued at $2,345,000 after purchasing an additional 136,021 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in KT by 55.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock worth $5,247,000 after purchasing an additional 133,570 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in KT by 31.1% during the second quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock worth $5,555,000 after buying an additional 96,518 shares during the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Trading Down 0.5 %

KT stock opened at $15.10 on Tuesday. The business’s 50-day simple moving average is $14.94 and its 200-day simple moving average is $13.89. KT Co. has a 52 week low of $11.83 and a 52 week high of $15.90. The firm has a market capitalization of $7.79 billion, a PE ratio of 9.10, a PEG ratio of 0.71 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.08.

KT (NYSE:KT) last issued its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. The company had revenue of $4.77 billion during the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. Equities research analysts forecast that KT Co. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 23rd. New Street Research raised KT to a “strong-buy” rating in a research report on Monday, September 9th. Finally, The Goldman Sachs Group lowered shares of KT from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th.

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.