Alberta Investment Management Corp Acquires 31,213 Shares of KT Corporation (NYSE:KT)

Alberta Investment Management Corp lifted its stake in KT Corporation (NYSE:KT - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 803,535 shares of the technology company's stock after buying an additional 31,213 shares during the period. Alberta Investment Management Corp owned approximately 0.16% of KT worth $14,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in KT. Park Place Capital Corp increased its holdings 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 period. Farther Finance Advisors LLC increased its stake in KT by 174.8% in the first quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock valued at $40,000 after acquiring an additional 1,447 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in KT by 143.2% during the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company's stock valued at $42,000 after purchasing an additional 1,396 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in KT during the first quarter worth $77,000. Finally, Advisors Preferred LLC bought a new stake in KT during the first quarter worth $128,000. 18.86% of the stock is currently owned by institutional investors.

KT Stock Up 1.0%

Shares of KT opened at $20.40 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.10. KT Corporation has a 52 week low of $13.18 and a 52 week high of $21.61. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 0.15 and a beta of 0.69. The stock has a fifty day moving average of $20.25 and a 200-day moving average of $18.72.

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

Analysts Set New Price Targets

Separately, Wall Street Zen lowered KT from a "strong-buy" rating to a "buy" rating in a research note 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.

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