First Affirmative Financial Network Invests $152,000 in KT Co. (NYSE:KT)

First Affirmative Financial Network acquired a new stake in shares of KT Co. (NYSE:KT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,487 shares of the technology company’s stock, valued at approximately $152,000.

Several other large investors have also modified their holdings of KT. Rockefeller Capital Management L.P. boosted its stake in KT by 38.3% in the 1st quarter. Rockefeller Capital Management L.P. now owns 2,284,991 shares of the technology company’s stock worth $25,911,000 after purchasing an additional 632,530 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of KT by 14.4% during the first quarter. Mercer Global Advisors Inc. ADV now owns 56,394 shares of the technology company’s stock valued at $640,000 after buying an additional 7,083 shares in the last quarter. Susquehanna International Group LLP acquired a new position in KT during the first quarter valued at $134,000. Jane Street Group LLC purchased a new stake in KT in the 1st quarter worth about $265,000. Finally, Silvercrest Asset Management Group LLC lifted its stake in KT by 26.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 128,435 shares of the technology company’s stock worth $1,456,000 after acquiring an additional 27,050 shares in the last quarter. 20.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley upgraded KT from an “equal weight” rating to an “overweight” rating in a report on Monday, September 11th. They noted that the move was a valuation call. StockNews.com assumed coverage on shares of KT in a research note on Thursday, August 17th. They set a “buy” rating for the company.

KT Stock Up 1.2 %

KT opened at $12.35 on Friday. The company has a market capitalization of $5.82 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.16 and a quick ratio of 1.09. KT Co. has a fifty-two week low of $11.04 and a fifty-two week high of $14.93. The business has a 50-day moving average of $12.05 and a 200-day moving average of $11.76.

KT Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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.