EAM Global Investors LLC Purchases Shares of 111,379 KT Co. (NYSE:KT)

EAM Global Investors LLC purchased a new stake in KT Co. (NYSE:KT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 111,379 shares of the technology company's stock, valued at approximately $1,729,000.

Other hedge funds have also bought and sold shares of the company. Qtron Investments LLC lifted its holdings in shares of KT by 5.1% during the 4th quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock worth $210,000 after acquiring an additional 652 shares during the period. Principal Securities Inc. boosted its holdings in shares of KT by 70.6% in the 4th 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 in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in shares of KT by 3.5% in the 4th 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 during the last quarter. Signaturefd LLC raised its holdings in shares of KT by 8.2% during the 4th quarter. Signaturefd LLC now owns 22,776 shares of the technology company's stock worth $353,000 after buying an additional 1,732 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of KT by 15.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,959 shares of the technology company's stock worth $232,000 after buying an additional 1,996 shares during the last quarter. 18.86% of the stock is owned by institutional investors.

KT Trading Down 0.2 %

NYSE KT traded down $0.04 during trading hours on Monday, reaching $17.97. The company's stock had a trading volume of 194,053 shares, compared to its average volume of 1,096,019. The stock has a market cap of $9.27 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.37 and a beta of 0.83. KT Co. has a 52 week low of $12.39 and a 52 week high of $18.74. The firm has a fifty day simple moving average of $17.56 and a 200-day simple moving average of $16.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KT shares. UBS Group assumed coverage on KT in a research report on Wednesday, February 19th. They issued a "buy" rating on the stock. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group upgraded 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.