Barclays PLC Acquires Shares of 60,000 KT Co. (NYSE:KT)

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.

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

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.