KT Co. (NYSE:KT) Stake Raised by North of South Capital LLP

North of South Capital LLP boosted its stake in KT Co. (NYSE:KT) by 2,407.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,217,653 shares of the technology company’s stock after buying an additional 4,049,439 shares during the quarter. KT makes up about 7.9% of North of South Capital LLP’s holdings, making the stock its 4th biggest position. North of South Capital LLP owned about 0.82% of KT worth $65,458,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KT. R Squared Ltd purchased a new position in shares of KT during the 4th quarter worth $36,000. Principal Securities Inc. raised its position in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after buying an additional 1,544 shares during the period. Venturi Wealth Management LLC raised its position in shares of KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after buying an additional 4,464 shares during the period. GAMMA Investing LLC raised its position in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after buying an additional 2,902 shares during the period. Finally, Global Retirement Partners LLC raised its position in shares of KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after buying an additional 2,667 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Price Performance

Shares of NYSE:KT opened at $17.56 on Friday. The company’s fifty day moving average is $16.59 and its two-hundred day moving average is $15.86. The company has a quick ratio of 0.98, a current ratio of 1.04 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 company has a market cap of $9.05 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95.

KT (NYSE:KT) last announced its earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Equities analysts expect that KT Co. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group started coverage on KT in a research note on Wednesday. They set a “buy” rating for the company. StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a report on Thursday.

KT Company Profile

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.