GAMMA Investing LLC Purchases 131,995 Shares of KT Co. (NYSE:KT)

GAMMA Investing LLC increased its stake in KT Co. (NYSE:KT - Free Report) by 2,031.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,492 shares of the technology company's stock after purchasing an additional 131,995 shares during the period. GAMMA Investing LLC's holdings in KT were worth $2,453,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Qtron Investments LLC raised its position in shares of KT by 5.1% during the 4th quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock valued at $210,000 after acquiring an additional 652 shares during the last quarter. Ethic Inc. increased its position in shares of KT by 1.0% in the 4th quarter. Ethic Inc. now owns 155,873 shares of the technology company's stock valued at $2,419,000 after buying an additional 1,479 shares in the last quarter. Principal Securities Inc. increased its position in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after buying an additional 1,544 shares in the last quarter. Signaturefd LLC increased its position in shares of KT by 8.2% in the 4th quarter. Signaturefd LLC now owns 22,776 shares of the technology company's stock valued at $353,000 after buying an additional 1,732 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of KT by 15.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,959 shares of the technology company's stock valued at $232,000 after buying an additional 1,996 shares in the last quarter. Institutional investors own 18.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KT. Wall Street Zen cut shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 20th. UBS Group began coverage on shares of KT in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd.

KT Stock Up 1.0%

KT stock traded up $0.19 during trading hours on Monday, reaching $20.18. 1,250,673 shares of the stock were exchanged, compared to its average volume of 1,240,171. The firm's 50-day moving average is $18.99 and its 200-day moving average is $17.69. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.37 and a beta of 0.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. KT Co. has a 12 month low of $13.11 and a 12 month high of $20.46.

KT Company 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.