Cetera Investment Advisers Increases Stake in KT Co. (NYSE:KT)

Cetera Investment Advisers lifted its position in shares of KT Co. (NYSE:KT - Free Report) by 194.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Several other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company's stock worth $153,913,000 after buying an additional 7,901,522 shares during the period. Capital International Investors acquired a new position in KT during the 4th quarter worth approximately $135,833,000. Robeco Institutional Asset Management B.V. raised its stake in 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 buying an additional 1,063,736 shares during the period. North of South Capital LLP raised its stake in KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company's stock worth $65,458,000 after buying an additional 4,049,439 shares during the period. Finally, Ninety One UK Ltd bought a new stake in KT during the 4th quarter worth approximately $59,145,000. Institutional investors and hedge funds own 18.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KT. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. UBS Group assumed coverage on KT in a report on Wednesday, February 19th. They set a "buy" rating for the company. Finally, Wall Street Zen lowered KT from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 20th.

KT Price Performance

NYSE KT traded down $0.41 during trading hours on Friday, hitting $18.78. The company had a trading volume of 2,345,696 shares, compared to its average volume of 1,219,806. KT Co. has a 52 week low of $13.11 and a 52 week high of $20.28. The firm has a 50 day simple moving average of $18.50 and a 200 day simple moving average of $17.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 0.37 and a beta of 0.68.

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.