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

Cetera Investment Advisers raised its stake in shares of KT Corporation (NYSE:KT - Free Report) by 75.8% during the first 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 purchasing an additional 22,998 shares during the quarter. Cetera Investment Advisers' holdings in KT were worth $945,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Park Place Capital Corp increased its position in shares of KT by 66.7% during the first quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock valued at $36,000 after acquiring an additional 819 shares during the last quarter. Farther Finance Advisors LLC increased its stake in KT by 174.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock valued at $40,000 after buying an additional 1,447 shares during the period. Bruce G. Allen Investments LLC grew its stake in shares of KT by 143.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company's stock worth $42,000 after purchasing an additional 1,396 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of KT during the 1st quarter worth $77,000. Finally, Advisors Preferred LLC purchased a new stake in shares of KT in the 1st quarter worth about $128,000. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Stock Performance

KT stock traded down $0.16 during mid-day trading on Friday, reaching $20.54. The company had a trading volume of 712,320 shares, compared to its average volume of 1,366,806. The stock has a market capitalization of $10.59 billion, a P/E ratio of 22.33, a P/E/G ratio of 0.15 and a beta of 0.69. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.41. KT Corporation has a one year low of $13.98 and a one year high of $21.61. The stock's 50-day simple moving average is $20.46 and its two-hundred day simple moving average is $18.92.

KT (NYSE:KT - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share 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%. Research analysts anticipate that KT Corporation will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

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.