Jane Street Group LLC Invests $1.81 Million in KT Co. (NYSE:KT)

Jane Street Group LLC bought a new position in shares of KT Co. (NYSE:KT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 116,510 shares of the technology company's stock, valued at approximately $1,808,000.

Several other institutional investors and hedge funds also recently modified their holdings of KT. AdvisorShares Investments LLC purchased a new stake in shares of KT in the fourth quarter valued at $508,000. Northern Trust Corp lifted its holdings in KT by 701.2% in the 4th quarter. Northern Trust Corp now owns 412,235 shares of the technology company's stock valued at $6,398,000 after purchasing an additional 360,784 shares in the last quarter. Aquatic Capital Management LLC boosted its stake in shares of KT by 146.6% during the 4th quarter. Aquatic Capital Management LLC now owns 62,402 shares of the technology company's stock worth $968,000 after purchasing an additional 37,102 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of KT by 109.4% during the 4th quarter. Stifel Financial Corp now owns 69,400 shares of the technology company's stock worth $1,077,000 after purchasing an additional 36,254 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of KT by 484.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 26,769 shares of the technology company's stock worth $415,000 after buying an additional 22,190 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Trading Down 0.8%

Shares of NYSE KT traded down $0.16 on Wednesday, reaching $19.36. 2,558,885 shares of the company traded hands, compared to its average volume of 1,186,978. The stock has a market capitalization of $9.98 billion, a PE ratio of 10.88, a P/E/G ratio of 0.37 and a beta of 0.68. KT Co. has a fifty-two week low of $13.11 and a fifty-two week high of $20.28. 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 50 day moving average of $18.30 and a 200 day moving average of $17.24.

Analyst Ratings Changes

Several equities analysts recently issued reports on KT shares. UBS Group assumed coverage on shares of KT in a research note on Wednesday, February 19th. They set a "buy" rating on the stock. StockNews.com downgraded KT from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Finally, The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd.

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.