15,496 Shares in KT Corporation (NYSE:KT) Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new stake in KT Corporation (NYSE:KT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,496 shares of the technology company's stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KT. Park Place Capital Corp increased its stake in KT by 66.7% in the first quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock valued at $36,000 after purchasing an additional 819 shares in the last quarter. 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 purchasing an additional 1,447 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in KT by 143.2% in 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 in the first quarter valued at approximately $77,000. Finally, GAMMA Investing LLC increased its stake in KT by 20.4% in the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock valued at $138,000 after purchasing an additional 1,323 shares in the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Stock Down 1.6%

Shares of KT stock traded down $0.34 during trading hours on Friday, hitting $20.62. 517,758 shares of the company were exchanged, compared to its average volume of 1,025,929. The business has a 50 day moving average of $20.16 and a two-hundred day moving average of $18.57. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41. KT Corporation has a 52 week low of $13.18 and a 52 week high of $21.61. The company has a market capitalization of $10.63 billion, a PE ratio of 22.41, a PEG ratio of 0.17 and a beta of 0.68.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of 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.