Burford Brothers Inc. Invests $823,000 in KT Corporation (NYSE:KT)

Burford Brothers Inc. acquired a new stake in KT Corporation (NYSE:KT - Free Report) in the 1st 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Qtron Investments LLC lifted its holdings in shares of KT by 5.1% in the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock valued at $210,000 after purchasing an additional 652 shares in the last quarter. Park Place Capital Corp raised its position in KT by 66.7% in the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock valued at $36,000 after buying an additional 819 shares during the last quarter. GAMMA Investing LLC lifted its stake in KT by 20.4% in the 1st quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock valued at $138,000 after acquiring an additional 1,323 shares in the last quarter. Blue Trust Inc. grew its stake in shares of KT by 9.2% during the 1st quarter. Blue Trust Inc. now owns 15,675 shares of the technology company's stock worth $278,000 after acquiring an additional 1,327 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its holdings in KT by 9.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 15,919 shares of the technology company's stock worth $282,000 after purchasing an additional 1,362 shares during the last quarter. Institutional investors and hedge funds own 18.86% of the company's stock.

Analyst Ratings Changes

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

KT Stock Performance

Shares of KT stock traded up $0.05 during trading on Monday, reaching $21.28. 763,148 shares of the company's stock were exchanged, compared to its average volume of 1,409,907. KT Corporation has a twelve month low of $13.15 and a twelve month high of $21.61. The firm's fifty day moving average price is $19.86 and its 200-day moving average price is $18.24. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $10.97 billion, a PE ratio of 23.13, a PEG ratio of 0.17 and a beta of 0.68.

KT (NYSE:KT - Get Free Report) last posted its earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share (EPS) for the quarter. The company had revenue of $4.71 billion during the quarter. KT had a net margin of 2.37% and a return on equity of 3.47%. As a group, sell-side analysts anticipate that KT Corporation will post 0.73 EPS for the current year.

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.