Barclays PLC bought a new stake in KT Co. (NYSE:KT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 60,000 shares of the technology company's stock, valued at approximately $931,000.
Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of KT during the fourth quarter worth $36,000. Principal Securities Inc. grew its holdings in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after buying an additional 1,544 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock worth $101,000 after buying an additional 2,902 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after buying an additional 2,667 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of KT by 37.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock valued at $124,000 after purchasing an additional 2,181 shares during the period. 18.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
KT has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. UBS Group initiated coverage on shares of KT in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th.
Read Our Latest Stock Analysis on KT
KT Stock Up 1.4%
Shares of KT traded up $0.26 during mid-day trading on Friday, hitting $19.32. 1,424,094 shares of the company's stock were exchanged, compared to its average volume of 1,149,186. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 0.37 and a beta of 0.68. KT Co. has a fifty-two week low of $13.11 and a fifty-two week high of $20.28. 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 stock's 50-day moving average is $18.13 and its 200-day moving average is $17.09.
KT Profile
(
Free Report)
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.
Recommended Stories

Before you consider KT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KT wasn't on the list.
While KT currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.