Citigroup Inc. Purchases 5,616 Shares of KT Co. (NYSE:KT)

Citigroup Inc. raised its holdings in shares of KT Co. (NYSE:KT) by 49.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,953 shares of the technology company’s stock after acquiring an additional 5,616 shares during the period. Citigroup Inc.’s holdings in KT were worth $217,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Silchester International Investors LLP grew its holdings in shares of KT by 0.4% in the third quarter. Silchester International Investors LLP now owns 26,090,115 shares of the technology company’s stock worth $334,475,000 after purchasing an additional 97,200 shares during the last quarter. Kopernik Global Investors LLC raised its holdings in shares of KT by 0.9% during the second quarter. Kopernik Global Investors LLC now owns 10,806,223 shares of the technology company’s stock valued at $122,110,000 after acquiring an additional 99,147 shares in the last quarter. Morgan Stanley lifted its stake in KT by 6.8% in the third quarter. Morgan Stanley now owns 9,884,987 shares of the technology company’s stock worth $126,726,000 after acquiring an additional 632,151 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in KT by 2.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,016,938 shares of the technology company’s stock valued at $108,229,000 after acquiring an additional 162,157 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in KT by 165.3% during the 2nd quarter. Lazard Asset Management LLC now owns 5,338,379 shares of the technology company’s stock valued at $60,323,000 after purchasing an additional 3,326,251 shares during the period. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Stock Performance

KT stock opened at $14.04 on Friday. KT Co. has a fifty-two week low of $11.04 and a fifty-two week high of $15.35. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.47 and a beta of 0.82. The stock’s 50 day simple moving average is $14.05 and its two-hundred day simple moving average is $13.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.10.

KT (NYSE:KT) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter. The company had revenue of $5.08 billion for the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. As a group, analysts expect that KT Co. will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th.

KT Company 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.