Cetera Investment Advisers Purchases 20,045 Shares of KT Co. (NYSE:KT)

Cetera Investment Advisers boosted its holdings in shares of KT Co. (NYSE:KT - Free Report) by 194.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,346 shares of the technology company's stock after acquiring an additional 20,045 shares during the quarter. Cetera Investment Advisers' holdings in KT were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of KT by 52.2% during the 4th quarter. Blue Trust Inc. now owns 84,999 shares of the technology company's stock worth $1,307,000 after purchasing an additional 29,165 shares in the last quarter. R Squared Ltd purchased a new stake in shares of KT during the 4th quarter worth about $36,000. Robeco Institutional Asset Management B.V. raised its stake 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 in the last quarter. Caprock Group LLC raised its stake in shares of KT by 12.5% during the 4th quarter. Caprock Group LLC now owns 94,228 shares of the technology company's stock worth $1,462,000 after purchasing an additional 10,457 shares in the last quarter. Finally, Ninety One North America Inc. purchased a new stake in shares of KT during the 4th quarter worth about $12,749,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in 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 KT in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd.

KT Stock Performance

Shares of KT stock traded down $0.01 during trading hours on Thursday, reaching $19.18. 921,703 shares of the company's stock were exchanged, compared to its average volume of 1,212,177. KT Co. has a fifty-two week low of $13.11 and a fifty-two week high of $20.28. The stock has a market capitalization of $9.89 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.37 and a beta of 0.68. The business has a fifty day moving average price of $18.45 and a 200-day moving average price of $17.39. The company has a quick ratio of 0.98, a current ratio of 1.04 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.