Graham Capital Management L.P. Invests $202,000 in KT Co. (NYSE:KT)

Graham Capital Management L.P. purchased a new position in shares of KT Co. (NYSE:KT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,995 shares of the technology company's stock, valued at approximately $202,000.

Other large investors have also modified their holdings of the company. Capital International Investors purchased a new stake in shares of KT in the 4th quarter worth about $135,833,000. Wellington Management Group LLP lifted its holdings in shares of KT by 392.0% in the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company's stock valued at $153,913,000 after purchasing an additional 7,901,522 shares in the last quarter. North of South Capital LLP lifted its holdings in shares of KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company's stock valued at $65,458,000 after purchasing an additional 4,049,439 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of KT in the fourth quarter valued at approximately $59,145,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company's stock worth $72,507,000 after purchasing an additional 1,063,736 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Trading Up 0.9%

NYSE:KT traded up $0.17 during trading hours on Friday, reaching $19.28. 1,911,794 shares of the company were exchanged, compared to its average volume of 1,200,086. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.37 and a beta of 0.68. The stock has a 50 day simple moving average of $18.38 and a 200 day simple moving average of $17.33. KT Co. has a 52-week low of $13.11 and a 52-week high of $20.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KT shares. Wall Street Zen lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Tuesday. UBS Group assumed coverage on KT in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd.

About KT

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.