Silchester International Investors LLP Lowers Position in KT Co. (NYSE:KT)

Silchester International Investors LLP reduced its position in KT Co. (NYSE:KTGet Rating) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,431,615 shares of the technology company’s stock after selling 745,904 shares during the period. KT accounts for about 62.9% of Silchester International Investors LLP’s portfolio, making the stock its largest position. Silchester International Investors LLP owned approximately 5.39% of KT worth $368,985,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KT. Bank of America Corp DE lifted its stake in KT by 3.6% during the 1st quarter. Bank of America Corp DE now owns 1,216,878 shares of the technology company’s stock valued at $17,450,000 after acquiring an additional 42,613 shares during the period. Royal Bank of Canada increased its holdings in shares of KT by 13.6% during the 1st quarter. Royal Bank of Canada now owns 47,391 shares of the technology company’s stock valued at $679,000 after purchasing an additional 5,690 shares in the last quarter. Guggenheim Capital LLC purchased a new position in shares of KT during the 1st quarter valued at approximately $269,000. Engineers Gate Manager LP purchased a new position in shares of KT during the 1st quarter valued at approximately $163,000. Finally, UBS Group AG increased its holdings in KT by 1,493.5% in the 1st quarter. UBS Group AG now owns 238,549 shares of the technology company’s stock worth $3,421,000 after acquiring an additional 223,579 shares in the last quarter. 21.97% of the stock is currently owned by institutional investors and hedge funds.

KT Trading Down 0.7 %

NYSE KT opened at $12.69 on Friday. The firm’s 50-day moving average is $13.85 and its two-hundred day moving average is $14.07. KT Co. has a 12 month low of $12.33 and a 12 month high of $15.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 1.09. The stock has a market capitalization of $5.98 billion, a P/E ratio of 5.09, a PEG ratio of 0.67 and a beta of 0.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a report on Monday, May 30th. StockNews.com lowered shares of KT from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 10th.

About KT

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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.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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