Intrust Bank NA Buys Shares of 12,016 KT Co. (NYSE:KT)

Intrust Bank NA purchased a new position in shares of KT Co. (NYSE:KT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,016 shares of the technology company’s stock, valued at approximately $186,000.

Several other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in KT during the 3rd quarter worth about $368,000. Cerity Partners LLC lifted its position in shares of KT by 74.6% in the 3rd quarter. Cerity Partners LLC now owns 37,404 shares of the technology company’s stock worth $575,000 after purchasing an additional 15,980 shares during the period. FMR LLC boosted its stake in shares of KT by 10.1% during the third quarter. FMR LLC now owns 711,072 shares of the technology company’s stock valued at $10,936,000 after purchasing an additional 65,415 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in KT by 65.8% during the third quarter. BNP Paribas Financial Markets now owns 246,563 shares of the technology company’s stock valued at $3,792,000 after buying an additional 97,838 shares during the period. Finally, Townsquare Capital LLC bought a new position in KT in the third quarter worth approximately $219,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Price Performance

Shares of KT opened at $17.52 on Monday. The company has a 50 day moving average of $17.51 and a two-hundred day moving average of $16.46. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. 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 twelve month low of $12.10 and a twelve month high of $18.74.

Analysts Set New Price Targets

KT has been the topic of several recent research reports. StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th. UBS Group started coverage on KT in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd.

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.