LSV Asset Management Takes $1.21 Million Position in KT Co. (NYSE:KT)

LSV Asset Management purchased a new stake in KT Co. (NYSE:KT) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 89,700 shares of the technology company’s stock, valued at approximately $1,206,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mondrian Investment Partners LTD lifted its holdings in KT by 6.0% during the third quarter. Mondrian Investment Partners LTD now owns 3,150,646 shares of the technology company’s stock worth $40,391,000 after acquiring an additional 179,155 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in KT by 455.5% in the third quarter. CWA Asset Management Group LLC now owns 191,145 shares of the technology company’s stock valued at $2,450,000 after buying an additional 156,733 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of KT in the third quarter valued at approximately $1,839,000. Silchester International Investors LLP increased its position in shares of KT by 0.3% during the fourth quarter. Silchester International Investors LLP now owns 26,168,715 shares of the technology company’s stock worth $351,708,000 after acquiring an additional 78,600 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of KT by 29.7% during the third quarter. Acadian Asset Management LLC now owns 297,751 shares of the technology company’s stock worth $3,813,000 after acquiring an additional 68,203 shares during the period. Institutional investors own 18.86% of the company’s stock.

KT Price Performance

NYSE KT opened at $13.12 on Friday. The company has a market capitalization of $6.77 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.41 and a beta of 0.86. KT Co. has a 12-month low of $11.04 and a 12-month high of $15.35. The firm’s 50 day moving average is $13.47 and its 200-day moving average is $13.32. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

KT (NYSE:KT) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter. The company had revenue of $5.08 billion during the quarter. KT had a net margin of 3.84% and a return on equity of 5.28%. Equities research analysts anticipate that KT Co. will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th.

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.