Cetera Investment Advisers Has $945,000 Stock Position in KT Corporation (NYSE:KT)

Cetera Investment Advisers lifted its holdings in shares of KT Corporation (NYSE:KT - Free Report) by 75.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,344 shares of the technology company's stock after acquiring an additional 22,998 shares during the quarter. Cetera Investment Advisers' holdings in KT were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in KT. Park Place Capital Corp lifted 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 worth $36,000 after buying an additional 819 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in KT by 174.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock worth $40,000 after buying an additional 1,447 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of KT by 143.2% in the 1st 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. acquired a new stake in shares of KT in the 1st quarter valued at about $77,000. Finally, Advisors Preferred LLC acquired a new stake in shares of KT in the 1st quarter valued at about $128,000. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Price Performance

Shares of KT stock traded down $0.16 on Friday, hitting $20.54. The company had a trading volume of 712,320 shares, compared to its average volume of 1,189,552. The business has a 50-day simple moving average of $20.47 and a 200-day simple moving average of $18.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 1.04. The company has a market cap of $10.59 billion, a PE ratio of 22.33, a PEG ratio of 0.15 and a beta of 0.69. KT Corporation has a 52 week low of $13.98 and a 52 week high of $21.61.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of KT from a "strong-buy" rating to a "buy" rating in a research 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.