Burford Brothers Inc. Acquires New Shares in KT Corporation (NYSE:KT)

Burford Brothers Inc. acquired a new position in KT Corporation (NYSE:KT - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 46,486 shares of the technology company's stock, valued at approximately $823,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of KT by 20.4% during the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock worth $138,000 after buying an additional 1,323 shares in the last quarter. Ninety One UK Ltd grew its holdings in KT by 28.3% during the 1st quarter. Ninety One UK Ltd now owns 4,890,767 shares of the technology company's stock worth $86,615,000 after acquiring an additional 1,079,860 shares in the last quarter. Rhumbline Advisers increased its position in shares of KT by 3.0% in the 1st quarter. Rhumbline Advisers now owns 93,547 shares of the technology company's stock worth $1,657,000 after purchasing an additional 2,731 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of KT by 3.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 621,606 shares of the technology company's stock worth $9,647,000 after purchasing an additional 21,222 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of KT by 117.6% in the 4th quarter. Ameriprise Financial Inc. now owns 73,919 shares of the technology company's stock valued at $1,147,000 after purchasing an additional 39,956 shares in the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Stock Performance

Shares of KT stock traded up $0.25 on Friday, hitting $21.21. 1,130,603 shares of the stock traded hands, compared to its average volume of 1,282,412. The company's fifty day moving average is $19.86 and its 200 day moving average is $18.22. KT Corporation has a 1-year low of $13.16 and a 1-year high of $21.61. The company has a market capitalization of $10.94 billion, a PE ratio of 23.05, a PEG ratio of 0.17 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 1.04.

KT (NYSE:KT - Get Free Report) last issued its earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share for the quarter. KT had a net margin of 2.37% and a return on equity of 3.47%. The company had revenue of $4.71 billion for the quarter. On average, equities research analysts predict that KT Corporation will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered KT from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 20th.

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.