Arrowstreet Capital Limited Partnership Cuts Position in KT Co. (NYSE:KT)

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of KT Co. (NYSE:KT) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,123,619 shares of the technology company’s stock after selling 38,112 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in KT were worth $48,479,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. raised its stake in KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its position in shares of KT by 3.5% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company’s stock worth $722,000 after purchasing an additional 1,581 shares during the last quarter. Signaturefd LLC lifted its stake in shares of KT by 8.2% in the fourth quarter. Signaturefd LLC now owns 22,776 shares of the technology company’s stock worth $353,000 after buying an additional 1,732 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of KT by 15.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,959 shares of the technology company’s stock valued at $232,000 after buying an additional 1,996 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of KT by 37.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock valued at $124,000 after acquiring an additional 2,181 shares in the last quarter. 18.86% of the stock is owned by institutional investors.

KT Trading Down 0.1 %

KT stock opened at $17.70 on Wednesday. KT Co. has a 52-week low of $12.10 and a 52-week high of $18.74. The company has a market cap of $9.13 billion, a P/E ratio of 9.94, a P/E/G 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. The business has a 50-day simple moving average of $17.54 and a two-hundred day simple moving average of $16.49.

Analyst Ratings Changes

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

KT 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.