BNP Paribas Financial Markets Boosts Holdings in KT Co. (NYSE:KT)

BNP Paribas Financial Markets boosted its stake in shares of KT Co. (NYSE:KT - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 320,030 shares of the technology company's stock after purchasing an additional 73,467 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of KT worth $4,967,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of KT in the fourth quarter worth $36,000. Principal Securities Inc. increased its stake in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after acquiring an additional 1,544 shares during the period. Global Retirement Partners LLC increased its stake in shares of KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after acquiring an additional 2,667 shares during the period. TD Private Client Wealth LLC boosted its holdings in KT by 37.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after buying an additional 2,181 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in KT during the fourth quarter worth $181,000. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Price Performance

KT traded up $0.08 during midday trading on Monday, hitting $19.41. 1,437,895 shares of the company traded hands, compared to its average volume of 1,175,046. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.37 and a beta of 0.68. KT Co. has a 52-week low of $13.11 and a 52-week high of $20.28. The business has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $17.24.

Analyst Ratings Changes

KT has been the topic of a number of recent 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 set a "buy" rating on the stock. Finally, StockNews.com raised shares of KT from a "buy" rating to a "strong-buy" rating in a report on Monday, May 12th.

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.