Two Sigma Investments LP Acquires 224,541 Shares of KT Co. (NYSE:KT)

Two Sigma Investments LP lifted its position in KT Co. (NYSE:KT - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 898,442 shares of the technology company's stock after buying an additional 224,541 shares during the period. Two Sigma Investments LP owned approximately 0.17% of KT worth $13,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of KT in the 4th quarter worth $36,000. Principal Securities Inc. boosted its stake 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 worth $58,000 after buying an additional 1,544 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after buying an additional 2,667 shares during the last quarter. TD Private Client Wealth LLC lifted its position in KT by 37.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock valued at $124,000 after purchasing an additional 2,181 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in KT during the fourth quarter valued at $181,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Stock Performance

NYSE KT traded up $0.01 on Thursday, hitting $19.19. 114,840 shares of the company traded hands, compared to its average volume of 1,206,074. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 0.37 and a beta of 0.68. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The business's 50 day moving average price is $18.45 and its 200-day moving average price is $17.39. KT Co. has a 52-week low of $13.11 and a 52-week high of $20.28.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group assumed coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock. The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Wall Street Zen downgraded KT from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 20th.

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.