AdvisorShares Investments LLC Makes New $508,000 Investment in KT Co. (NYSE:KT)

AdvisorShares Investments LLC bought a new position in shares of KT Co. (NYSE:KT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 32,733 shares of the technology company's stock, valued at approximately $508,000.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in KT by 74.9% in the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock valued at $1,650,000 after purchasing an additional 45,941 shares during the period. US Bancorp DE raised its position in KT by 5.2% in the 4th quarter. US Bancorp DE now owns 284,354 shares of the technology company's stock valued at $4,413,000 after purchasing an additional 13,992 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of KT by 3.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 621,606 shares of the technology company's stock valued at $9,647,000 after buying an additional 21,222 shares during the period. Alberta Investment Management Corp acquired a new stake in KT in the fourth quarter valued at approximately $11,986,000. Finally, GAMMA Investing LLC grew its holdings in KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock worth $101,000 after acquiring an additional 2,902 shares in the last quarter. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Stock Up 3.4 %

Shares of KT stock traded up $0.66 during trading hours on Friday, hitting $20.02. The company had a trading volume of 1,024,782 shares, compared to its average volume of 1,130,475. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The company's 50-day moving average is $17.85 and its two-hundred day moving average is $16.90. The company has a market cap of $10.32 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.37 and a beta of 0.83. KT Co. has a twelve month low of $12.75 and a twelve month high of $20.04.

Analyst Ratings Changes

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

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.