North of South Capital LLP Has $67.86 Million Holdings in KT Corporation (NYSE:KT)

North of South Capital LLP decreased its holdings in KT Corporation (NYSE:KT - Free Report) by 9.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,831,521 shares of the technology company's stock after selling 386,132 shares during the quarter. KT accounts for approximately 7.6% of North of South Capital LLP's holdings, making the stock its 5th biggest holding. North of South Capital LLP owned 0.74% of KT worth $67,856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp grew its position in KT by 66.7% in the first quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock valued at $36,000 after acquiring an additional 819 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of KT by 174.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock valued at $40,000 after purchasing an additional 1,447 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of KT by 143.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company's stock valued at $42,000 after purchasing an additional 1,396 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of KT by 20.4% in the 1st quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock worth $138,000 after purchasing an additional 1,323 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of KT by 37.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after purchasing an additional 2,181 shares in the last quarter. 18.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

KT Price Performance

KT stock remained flat at $21.20 during midday trading on Friday. The company had a trading volume of 556,309 shares, compared to its average volume of 1,279,904. The business has a fifty day moving average of $19.70 and a 200-day moving average of $18.05. KT Corporation has a 12-month low of $13.11 and a 12-month high of $21.61. The stock has a market cap of $10.93 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 0.17 and a beta of 0.68. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41.

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

About KT

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.