Mondrian Investment Partners LTD Has $36.12 Million Stock 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 decreased its position in shares of KT Corporation (NYSE:KT - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,039,513 shares of the technology company's stock after selling 44,712 shares during the quarter. Mondrian Investment Partners LTD owned about 0.40% of KT worth $36,120,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Place Capital Corp raised its stake in shares of KT by 66.7% during the first 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 in the last quarter. Farther Finance Advisors LLC raised its stake in shares of KT by 174.8% during the first 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 raised its stake in shares of KT by 143.2% during the first 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. Cullen Frost Bankers Inc. bought a new stake in shares of KT during the first quarter valued at about $77,000. Finally, Advisors Preferred LLC bought a new stake in shares of KT during the first quarter valued at about $128,000. Institutional investors and hedge funds own 18.86% of the company's stock.

Analyst Upgrades and Downgrades

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

KT Price Performance

NYSE:KT traded up $0.42 during mid-day trading on Thursday, reaching $20.69. 2,002,009 shares of the stock were exchanged, compared to its average volume of 1,131,112. The business has a fifty day moving average price of $20.46 and a 200 day moving average price of $18.92. The firm has a market capitalization of $10.67 billion, a PE ratio of 22.48, a PEG ratio of 0.15 and a beta of 0.69. KT Corporation has a 1-year low of $13.98 and a 1-year high of $21.61. 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 released its earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share (EPS) for the quarter. The firm 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%. Research analysts expect that KT Corporation will post 0.73 earnings per share for the current fiscal 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.