Park Avenue Securities LLC Buys New Position in KT Co. (NYSE:KT)

Park Avenue Securities LLC purchased a new position in shares of KT Co. (NYSE:KTGet Rating) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 24,738 shares of the technology company’s stock, valued at approximately $302,000.

Several other large investors also recently bought and sold shares of KT. Assetmark Inc. grew its stake in shares of KT by 46.5% during the third quarter. Assetmark Inc. now owns 14,659 shares of the technology company’s stock valued at $179,000 after acquiring an additional 4,653 shares in the last quarter. Silchester International Investors LLP increased its holdings in KT by 0.3% during the 3rd quarter. Silchester International Investors LLP now owns 26,498,315 shares of the technology company’s stock worth $323,809,000 after purchasing an additional 66,700 shares during the last quarter. QP Wealth Management LLC acquired a new position in shares of KT in the 3rd quarter valued at approximately $178,000. Sawtooth Solutions LLC purchased a new position in shares of KT during the 3rd quarter valued at approximately $168,000. Finally, Private Trust Co. NA acquired a new stake in shares of KT during the second quarter worth approximately $30,000. Institutional investors and hedge funds own 21.05% of the company’s stock.

KT Trading Up 0.5 %

Shares of NYSE KT opened at $14.80 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $13.95 and its two-hundred day moving average price is $13.57. KT Co. has a 52-week low of $11.56 and a 52-week high of $15.30. The stock has a market capitalization of $6.98 billion, a P/E ratio of 6.17, a PEG ratio of 1.62 and a beta of 0.75.

KT (NYSE:KTGet Rating) last announced its quarterly earnings data on Monday, November 14th. The technology company reported $0.46 earnings per share (EPS) for the quarter. KT had a return on equity of 8.41% and a net margin of 5.57%. The firm had revenue of $4.84 billion for the quarter. On average, analysts anticipate that KT Co. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 25th.

KT Profile

(Get Rating)

KT Corp. engages in the provision of integrated telecommunication services. The company operates through the Customer and Marketing businesses. Its services include wire and wireless phones, internet, and other communication. The company was founded on December 20, 1981 and is headquartered in Seongnam-si, South Korea.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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