Park Avenue Securities LLC acquired a new position in shares of KT Co. (NYSE:KT – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 24,738 shares of the technology company’s stock, valued at approximately $302,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in KT in the second quarter worth about $25,000. Private Trust Co. NA acquired a new position in shares of KT in the 2nd quarter worth approximately $30,000. Quantbot Technologies LP bought a new stake in shares of KT in the 2nd quarter valued at approximately $80,000. Assetmark Inc. raised its position in shares of KT by 57.3% during the 2nd quarter. Assetmark Inc. now owns 10,006 shares of the technology company’s stock valued at $140,000 after acquiring an additional 3,646 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of KT during the 2nd quarter valued at approximately $145,000. Institutional investors own 21.05% of the company’s stock.
KT Stock Up 0.5 %
NYSE:KT opened at $14.80 on Monday. The firm has a market capitalization of $6.98 billion, a PE ratio of 6.17, a price-to-earnings-growth ratio of 1.62 and a beta of 0.75. KT Co. has a 52 week low of $11.56 and a 52 week high of $15.30. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average of $13.95 and a 200-day moving average of $13.57.
Analysts Set New Price Targets
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 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.
- Get a free copy of the StockNews.com research report on KT (KT)
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