GAMMA Investing LLC Raises Stock Position in KT Co. (NYSE:KT)

GAMMA Investing LLC increased its stake in KT Co. (NYSE:KT - Free Report) by 2,031.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,492 shares of the technology company's stock after acquiring an additional 131,995 shares during the quarter. GAMMA Investing LLC's holdings in KT were worth $2,453,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KT. Kestra Private Wealth Services LLC bought a new position in KT in the fourth quarter worth approximately $670,000. Savant Capital LLC purchased a new stake in shares of KT during the fourth quarter valued at approximately $182,000. Rhumbline Advisers raised its stake in shares of KT by 57.4% during the 4th quarter. Rhumbline Advisers now owns 90,816 shares of the technology company's stock worth $1,409,000 after purchasing an additional 33,119 shares during the period. Principal Securities Inc. boosted its stake in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after acquiring an additional 1,544 shares during the last quarter. Finally, Truist Financial Corp bought a new position in KT during the fourth quarter valued at $181,000. 18.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on KT. Wall Street Zen downgraded KT from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 20th. UBS Group started coverage on shares of KT in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd.

KT Stock Down 0.7%

KT stock traded down $0.15 during trading hours on Friday, hitting $19.98. 800,198 shares of the stock traded hands, compared to its average volume of 1,235,261. KT Co. has a one year low of $13.11 and a one year high of $20.28. The company has a market cap of $10.30 billion, a PE ratio of 11.22, a PEG ratio of 0.37 and a beta of 0.66. The firm's 50-day moving average price is $18.86 and its two-hundred day moving average price is $17.67. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

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.