Generali Investments CEE investicni spolecnost a.s. Purchases New Position in KT Co. (NYSE:KT)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in KT Co. (NYSE:KT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 49,500 shares of the technology company’s stock, valued at approximately $768,000.

A number of other hedge funds also recently bought and sold shares of KT. Robeco Institutional Asset Management B.V. raised its stake in shares of KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock worth $72,507,000 after buying an additional 1,063,736 shares during the period. North of South Capital LLP raised its position in KT by 2,407.3% during the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after acquiring an additional 4,049,439 shares during the period. Ninety One UK Ltd purchased a new position in KT during the fourth quarter valued at $59,145,000. Ninety One North America Inc. acquired a new stake in shares of KT in the fourth quarter valued at about $12,749,000. Finally, Alberta Investment Management Corp purchased a new stake in shares of KT during the fourth quarter worth about $11,986,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Price Performance

NYSE:KT opened at $17.91 on Friday. The stock has a 50 day moving average price of $16.89 and a 200 day moving average price of $16.14. The stock has a market cap of $9.24 billion, a PE ratio of 10.06, a P/E/G ratio of 0.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT Co. has a one year low of $12.10 and a one year high of $18.45.

Analyst Upgrades and Downgrades

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

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.