Rockefeller Capital Management L.P. Increases Stock Holdings in KT Co. (NYSE:KT)

Rockefeller Capital Management L.P. boosted its holdings in shares of KT Co. (NYSE:KT) by 28.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,697,187 shares of the technology company’s stock after buying an additional 376,194 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.33% of KT worth $26,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KT. Raymond James Financial Inc. purchased a new position in shares of KT in the 4th quarter valued at approximately $4,333,000. Legal & General Group Plc lifted its stake in shares of KT by 43.4% during the fourth quarter. Legal & General Group Plc now owns 32,247 shares of the technology company’s stock worth $501,000 after buying an additional 9,753 shares during the period. Invesco Ltd. grew its holdings in shares of KT by 2.6% during the fourth quarter. Invesco Ltd. now owns 97,496 shares of the technology company’s stock valued at $1,513,000 after buying an additional 2,434 shares during the last quarter. Cerity Partners LLC increased its position in shares of KT by 16.9% in the 4th quarter. Cerity Partners LLC now owns 43,736 shares of the technology company’s stock valued at $677,000 after acquiring an additional 6,332 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in KT by 26.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 564,515 shares of the technology company’s stock worth $8,761,000 after acquiring an additional 118,502 shares during the last quarter. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Stock Performance

Shares of NYSE KT opened at $17.31 on Monday. KT Co. has a 1 year low of $12.10 and a 1 year high of $18.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The company’s fifty day moving average price is $17.49 and its 200 day moving average price is $16.60. The company has a market capitalization of $8.92 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.37 and a beta of 0.83.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KT shares. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, UBS Group initiated coverage on shares of KT in a research report on Wednesday, February 19th. They set a “buy” rating for the company.

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.