Diversify Advisory Services LLC Invests $293,000 in KT Corporation (NYSE:KT)

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

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of KT by 20.4% during the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock valued at $138,000 after buying an additional 1,323 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of KT by 33.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 753,320 shares of the technology company's stock worth $13,341,000 after acquiring an additional 188,805 shares during the last quarter. Ninety One UK Ltd raised its position in shares of KT by 28.3% in the 1st quarter. Ninety One UK Ltd now owns 4,890,767 shares of the technology company's stock worth $86,615,000 after acquiring an additional 1,079,860 shares in the last quarter. Rhumbline Advisers grew its stake in KT by 3.0% during the 1st quarter. Rhumbline Advisers now owns 93,547 shares of the technology company's stock valued at $1,657,000 after purchasing an additional 2,731 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of KT by 3.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 621,606 shares of the technology company's stock worth $9,647,000 after buying an additional 21,222 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 Up 0.1%

Shares of NYSE KT opened at $20.82 on Tuesday. KT Corporation has a 52-week low of $13.18 and a 52-week high of $21.61. The firm has a 50 day moving average price of $20.04 and a 200 day moving average price of $18.46. The stock has a market cap of $10.73 billion, a P/E ratio of 22.63, a P/E/G ratio of 0.17 and a beta of 0.68. 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 (NYSE:KT - Get Free Report) last posted 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 for the quarter. Analysts expect that KT Corporation will post 0.73 EPS for the current year.

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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