Vise Technologies Inc. Boosts Holdings in KT Co. (NYSE:KT)

Vise Technologies Inc. lifted its holdings in KT Co. (NYSE:KT - Free Report) by 37.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,388 shares of the technology company's stock after purchasing an additional 14,639 shares during the period. Vise Technologies Inc.'s holdings in KT were worth $829,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in 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 acquiring an additional 7,901,522 shares during the period. Capital International Investors bought a new stake 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 acquiring 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 acquiring 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 own 18.86% of the company's stock.

KT Price Performance

Shares of KT stock traded down $0.55 on Friday, reaching $18.65. The company's stock had a trading volume of 967,828 shares, compared to its average volume of 1,211,345. The stock's fifty day simple moving average is $18.45 and its 200-day simple moving average is $17.39. KT Co. has a 1 year low of $13.11 and a 1 year high of $20.28. 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 company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68.

Wall Street Analysts Forecast Growth

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

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.