Kiltearn Partners LLP Sells 716,800 Shares of KT Co. (NYSE:KT)

Kiltearn Partners LLP cut its stake in KT Co. (NYSE:KT) by 68.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 332,710 shares of the technology company’s stock after selling 716,800 shares during the quarter. Kiltearn Partners LLP’s holdings in KT were worth $5,117,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,264 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings 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 last quarter. Envestnet Portfolio Solutions Inc. bought a new position in KT during the second quarter valued at about $140,000. Private Advisor Group LLC purchased a new stake in KT during the third quarter worth about $164,000. Finally, Aprio Wealth Management LLC purchased a new position in KT in the second quarter valued at about $151,000. 18.86% of the stock is currently owned by institutional investors.

KT Trading Up 2.7 %

Shares of KT opened at $17.42 on Wednesday. The business’s 50-day moving average price is $15.57 and its 200-day moving average price is $14.51. 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 $17.42. The stock has a market cap of $8.98 billion, a PE ratio of 10.62, a P/E/G ratio of 1.24 and a beta of 0.90.

KT (NYSE:KT) last posted its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. KT had a net margin of 4.50% and a return on equity of 6.23%. The business had revenue of $4.77 billion for the quarter. On average, equities analysts forecast that KT Co. will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on KT. StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th. New Street Research upgraded KT to a “strong-buy” rating in a research report on Monday, September 9th.

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.