Cerity Partners LLC Grows Stock Position in KT Corporation (NYSE:KT)

Cerity Partners LLC raised its position in shares of KT Corporation (NYSE:KT - Free Report) by 52.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,781 shares of the technology company's stock after acquiring an additional 23,045 shares during the period. Cerity Partners LLC's holdings in KT were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Qtron Investments LLC increased its position in shares of KT by 5.1% during the 4th quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock valued at $210,000 after purchasing an additional 652 shares during the last quarter. Park Place Capital Corp increased its position in shares of KT by 66.7% during the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock valued at $36,000 after purchasing an additional 819 shares during the last quarter. GAMMA Investing LLC increased its position in shares of KT by 20.4% during the 1st quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock valued at $138,000 after purchasing an additional 1,323 shares during the last quarter. Blue Trust Inc. increased its position in shares of KT by 9.2% during the 1st quarter. Blue Trust Inc. now owns 15,675 shares of the technology company's stock valued at $278,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC increased its position in shares of KT by 9.4% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 15,919 shares of the technology company's stock valued at $282,000 after purchasing an additional 1,362 shares during the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded KT from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 20th.

KT Trading Down 1.6%

KT stock traded down $0.34 during mid-day trading on Friday, hitting $20.62. The company's stock had a trading volume of 517,758 shares, compared to its average volume of 1,025,929. The company has a 50 day moving average of $20.16 and a 200-day moving average of $18.59. The stock has a market cap of $10.63 billion, a PE ratio of 22.41, a P/E/G ratio of 0.16 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.10. KT Corporation has a one year low of $13.18 and a one year high of $21.61.

KT (NYSE:KT - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The technology company reported $0.75 EPS for the quarter. The company had revenue of $4.71 billion for the quarter. KT had a return on equity of 3.47% and a net margin of 2.37%. On average, research analysts anticipate that KT Corporation will post 0.73 EPS for the current year.

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.