Capital International Sarl Buys Shares of 30,483 KT Co. (NYSE:KT)

Capital International Sarl bought a new stake in shares of KT Co. (NYSE:KT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,483 shares of the technology company's stock, valued at approximately $473,000.

A number of other hedge funds have also recently made changes to their positions in the stock. R Squared Ltd bought a new position in KT during the 4th quarter valued at about $36,000. Principal Securities Inc. grew 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 valued at $58,000 after purchasing an additional 1,544 shares during the period. GAMMA Investing LLC increased its position in KT by 80.7% in 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 raised 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 buying an additional 2,667 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in shares of KT by 37.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock valued at $124,000 after acquiring an additional 2,181 shares during the period. 18.86% of the stock is owned by institutional investors.

KT Trading Down 0.4 %

NYSE KT traded down $0.07 during trading on Friday, hitting $18.64. The stock had a trading volume of 434,273 shares, compared to its average volume of 1,109,267. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 0.37 and a beta of 0.83. The stock has a 50 day simple moving average of $17.68 and a 200 day simple moving average of $16.76. KT Co. has a one year low of $12.39 and a one year high of $18.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04.

Analysts Set New Price Targets

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

About KT

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.