Beck Bode LLC Invests $12.97 Million in KT Co. (NYSE:KT)

Beck Bode LLC bought a new position in KT Co. (NYSE:KT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 835,976 shares of the technology company's stock, valued at approximately $12,974,000. KT makes up 2.4% of Beck Bode LLC's portfolio, making the stock its 25th biggest holding. Beck Bode LLC owned approximately 0.16% of KT at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Qtron Investments LLC lifted its stake in KT by 5.1% in the 4th quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock valued at $210,000 after acquiring an additional 652 shares in the last quarter. Principal Securities Inc. boosted its holdings in 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 purchasing an additional 1,544 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in KT by 3.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company's stock valued at $722,000 after purchasing an additional 1,581 shares in the last quarter. Signaturefd LLC increased its stake in KT by 8.2% in the 4th quarter. Signaturefd LLC now owns 22,776 shares of the technology company's stock valued at $353,000 after buying an additional 1,732 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of KT by 15.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,959 shares of the technology company's stock valued at $232,000 after acquiring an additional 1,996 shares in the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Stock Performance

KT stock traded up $0.24 during midday trading on Friday, reaching $19.30. 840,674 shares of the company were exchanged, compared to its average volume of 1,403,385. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. The business has a 50-day moving average price of $18.08 and a two-hundred day moving average price of $17.04. KT Co. has a one year low of $13.08 and a one year high of $20.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

Analyst Upgrades and Downgrades

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

KT Company 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.