Two Sigma Advisers LP Acquires 158,500 Shares of KT Co. (NYSE:KT)

Two Sigma Advisers LP boosted its position in shares of KT Co. (NYSE:KT - Free Report) by 38.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 570,300 shares of the technology company's stock after buying an additional 158,500 shares during the period. Two Sigma Advisers LP owned approximately 0.11% of KT worth $8,851,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new stake in shares of KT in the 4th quarter valued at approximately $181,000. Ballentine Partners LLC boosted its stake in shares of KT by 8.8% in the 4th quarter. Ballentine Partners LLC now owns 34,831 shares of the technology company's stock valued at $541,000 after purchasing an additional 2,823 shares in the last quarter. apricus wealth LLC boosted its stake in shares of KT by 2.8% in the 4th quarter. apricus wealth LLC now owns 193,540 shares of the technology company's stock valued at $3,004,000 after purchasing an additional 5,325 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of KT by 52.2% in the 4th quarter. Blue Trust Inc. now owns 84,999 shares of the technology company's stock valued at $1,307,000 after purchasing an additional 29,165 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of KT in the 4th quarter valued at approximately $36,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

KT Price Performance

Shares of KT traded up $0.01 during mid-day trading on Thursday, reaching $19.19. The company had a trading volume of 114,840 shares, compared to its average volume of 1,206,074. The company's 50 day simple moving average is $18.45 and its 200 day simple moving average is $17.39. 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. KT Co. has a 1-year low of $13.11 and a 1-year high of $20.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04.

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.