Ninety One North America Inc. Buys 206,288 Shares of KT Corporation (NYSE:KT)

Ninety One North America Inc. boosted its holdings in KT Corporation (NYSE:KT - Free Report) by 25.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,027,760 shares of the technology company's stock after purchasing an additional 206,288 shares during the quarter. Ninety One North America Inc. owned about 0.20% of KT worth $18,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Qtron Investments LLC grew its holdings in shares of KT by 5.1% during the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock valued at $210,000 after buying an additional 652 shares during the last quarter. Park Place Capital Corp raised 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 worth $36,000 after acquiring an additional 819 shares during the period. GAMMA Investing LLC raised its position in KT by 20.4% in the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock worth $138,000 after acquiring an additional 1,323 shares during the period. Blue Trust Inc. raised its position in KT by 9.2% in the first quarter. Blue Trust Inc. now owns 15,675 shares of the technology company's stock worth $278,000 after acquiring an additional 1,327 shares during the period. Finally, Elevation Point Wealth Partners LLC raised its position in KT by 9.4% in the first quarter. Elevation Point Wealth Partners LLC now owns 15,919 shares of the technology company's stock worth $282,000 after acquiring an additional 1,362 shares during the period. Hedge funds and other institutional investors own 18.86% of the company's stock.

Wall Street Analysts Forecast Growth

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

KT Price Performance

Shares of KT stock traded down $0.26 on Tuesday, hitting $20.75. 594,867 shares of the stock traded hands, compared to its average volume of 1,276,360. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 0.17 and a beta of 0.68. KT Corporation has a 52 week low of $13.11 and a 52 week high of $21.61. The firm has a 50 day simple moving average of $19.74 and a two-hundred day simple moving average of $18.10. 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 (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 firm had revenue of $4.71 billion for the quarter. KT had a net margin of 2.37% and a return on equity of 3.47%. As a group, equities research analysts predict that KT Corporation will post 0.73 earnings per share for the current fiscal year.

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.