Teachers Retirement System of The State of Kentucky Decreases Holdings in KT Co. (NYSE:KT)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of KT Co. (NYSE:KT) by 4.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 256,760 shares of the technology company’s stock after selling 11,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in KT were worth $3,949,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KT. Envestnet Portfolio Solutions Inc. purchased a new stake in KT during the second quarter worth about $140,000. Blue Trust Inc. increased its stake in shares of KT by 286.1% in the second quarter. Blue Trust Inc. now owns 25,728 shares of the technology company’s stock worth $361,000 after purchasing an additional 19,064 shares in the last quarter. Raymond James & Associates increased its stake in shares of KT by 5.6% in the second quarter. Raymond James & Associates now owns 333,652 shares of the technology company’s stock worth $4,561,000 after purchasing an additional 17,782 shares in the last quarter. Legacy Capital Group California Inc. increased its stake in shares of KT by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock worth $294,000 after purchasing an additional 1,403 shares in the last quarter. Finally, apricus wealth LLC increased its stake in shares of KT by 7.2% in the second quarter. apricus wealth LLC now owns 183,315 shares of the technology company’s stock worth $2,506,000 after purchasing an additional 12,340 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Price Performance

KT stock opened at $16.24 on Friday. The firm has a 50 day moving average of $15.97 and a 200-day moving average of $14.79. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. KT Co. has a 12 month low of $12.10 and a 12 month high of $18.45. The firm has a market capitalization of $8.38 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 1.15 and a beta of 0.93.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. New Street Research upgraded shares of KT to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; 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.