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

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

A number of other institutional investors have also modified their holdings of the business. World Investment Advisors LLC acquired a new stake in KT during the 3rd quarter worth approximately $451,000. JPMorgan Chase & Co. lifted its holdings in shares of KT by 74.9% during the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock worth $1,650,000 after purchasing an additional 45,941 shares during the period. GAMMA Investing LLC grew its position in KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after buying an additional 2,902 shares during the last quarter. Claro Advisors LLC acquired a new position in KT in the 4th quarter valued at $220,000. Finally, Kathmere Capital Management LLC raised its position in KT by 19.4% during the 4th quarter. Kathmere Capital Management LLC now owns 31,738 shares of the technology company's stock worth $493,000 after buying an additional 5,146 shares during the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Stock Performance

Shares of KT opened at $20.02 on Friday. The company has a market capitalization of $10.32 billion, a PE ratio of 11.25, a P/E/G ratio of 0.37 and a beta of 0.83. KT Co. has a 52-week low of $12.84 and a 52-week high of $20.05. The company has a 50-day simple moving average of $17.89 and a 200-day simple moving average of $16.94. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KT shares. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 20th. UBS Group initiated coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd.

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.

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