Natixis Advisors LLC Sells 27,081 Shares of KT Corporation (NYSE:KT)

Key Points

• Natixis Advisors LLC has reduced its stake in KT Corporation by 11.2%, selling 27,081 shares to own 215,079 shares worth approximately $3.81 million.
• Several other institutional investors have adjusted their positions in KT, with Park Place Capital Corp increasing its stake by 66.7% during the 1st quarter.
• Analysts downgraded KT shares from a "strong-buy" to a "buy" rating, highlighting ongoing fluctuations in market sentiment regarding the company's performance.

Natixis Advisors LLC decreased its position in KT Corporation (NYSE:KT - Free Report) by 11.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,079 shares of the technology company's stock after selling 27,081 shares during the quarter. Natixis Advisors LLC's holdings in KT were worth $3,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KT. Park Place Capital Corp boosted its holdings 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 in the last quarter. Farther Finance Advisors LLC lifted its position 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 worth $40,000 after purchasing an additional 1,447 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of KT by 143.2% during 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. Cullen Frost Bankers Inc. bought a new stake in shares of KT during the 1st quarter valued at about $77,000. Finally, Advisors Preferred LLC purchased a new position in shares of KT during the first quarter valued at about $128,000. 18.86% of the stock is owned by institutional investors.

KT Stock Down 0.3%

Shares of NYSE KT traded down $0.05 during mid-day trading on Thursday, hitting $20.12. 1,290,638 shares of the stock traded hands, compared to its average volume of 955,084. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 0.15 and a beta of 0.69. The stock has a fifty day moving average price of $20.35 and a 200-day moving average price of $18.82. KT Corporation has a 52 week low of $13.84 and a 52 week high of $21.61. 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 (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. KT had a return on equity of 3.47% and a net margin of 2.37%. The business had revenue of $4.71 billion during the quarter. Research analysts anticipate that KT Corporation will post 0.73 EPS for the current year.

Analyst Ratings Changes

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

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.