Mondrian Investment Partners LTD Reduces Position in KT Corporation (NYSE:KT)

Key Points

• Mondrian Investment Partners LTD decreased its stake in KT Corporation by 2.1%, selling 44,712 shares to hold a total of 2,039,513 shares valued at approximately $36.12 million.
• Institutional investors own 18.86% of KT Corporation, with notable stake increases from Capital International Investors, Ninety One UK Ltd, and Robeco Institutional Asset Management in the recent quarters.
• KT Corporation reported a net margin of 2.37% and earnings per share of $0.75 for the last quarter, with analysts expecting an EPS of 0.73 for the current year.

Mondrian Investment Partners LTD cut its holdings in shares of KT Corporation (NYSE:KT - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,039,513 shares of the technology company's stock after selling 44,712 shares during the quarter. Mondrian Investment Partners LTD owned 0.40% of KT worth $36,120,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KT. LPL Financial LLC raised its position in KT by 62.0% in the 4th quarter. LPL Financial LLC now owns 81,289 shares of the technology company's stock worth $1,262,000 after buying an additional 31,096 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in KT by 26.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 564,515 shares of the technology company's stock valued at $8,761,000 after buying an additional 118,502 shares during the period. Cerity Partners LLC increased its stake in KT by 16.9% in the fourth quarter. Cerity Partners LLC now owns 43,736 shares of the technology company's stock worth $677,000 after purchasing an additional 6,332 shares during the period. Invesco Ltd. increased its stake in KT by 2.6% in the fourth quarter. Invesco Ltd. now owns 97,496 shares of the technology company's stock worth $1,513,000 after purchasing an additional 2,434 shares during the period. Finally, Legal & General Group Plc grew its position in shares of KT by 43.4% during the 4th quarter. Legal & General Group Plc now owns 32,247 shares of the technology company's stock worth $501,000 after buying an additional 9,753 shares in the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

KT Trading Down 0.8%

Shares of KT stock traded down $0.16 on Friday, hitting $20.54. The stock had a trading volume of 712,320 shares, compared to its average volume of 1,189,552. The company's 50 day moving average price is $20.47 and its 200-day moving average price is $18.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 1.04. KT Corporation has a 1 year low of $13.98 and a 1 year high of $21.61. The firm has a market capitalization of $10.59 billion, a P/E ratio of 22.33, a P/E/G ratio of 0.15 and a beta of 0.69.

KT (NYSE:KT - Get Free Report) last released its quarterly earnings data on Tuesday, June 17th. The technology company reported $0.75 EPS for the quarter. The business 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%. Analysts anticipate that KT Corporation will post 0.73 earnings per share 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.