Ninety One UK Ltd Acquires 1,079,860 Shares of KT Corporation (NYSE:KT)

Ninety One UK Ltd increased its position in KT Corporation (NYSE:KT - Free Report) by 28.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,890,767 shares of the technology company's stock after buying an additional 1,079,860 shares during the quarter. Ninety One UK Ltd owned 0.95% of KT worth $86,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Place Capital Corp increased its stake in shares of 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 buying an additional 819 shares during the period. Farther Finance Advisors LLC increased its stake in shares of KT by 174.8% in the first quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock valued at $40,000 after buying an additional 1,447 shares during the period. Bruce G. Allen Investments LLC increased its stake in shares of KT by 143.2% in the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company's stock valued at $42,000 after buying an additional 1,396 shares during the period. GAMMA Investing LLC increased its stake in shares of KT by 20.4% in the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock valued at $138,000 after buying an additional 1,323 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in shares of KT by 37.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock valued at $124,000 after buying an additional 2,181 shares during the period. Institutional investors and hedge funds own 18.86% of the company's stock.

Analysts Set New Price Targets

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 Trading Up 1.2%

NYSE:KT traded up $0.25 on Friday, reaching $21.21. 1,130,603 shares of the stock traded hands, compared to its average volume of 1,280,588. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 0.17 and a beta of 0.68. The company's 50 day moving average is $19.86 and its 200-day moving average is $18.20. 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 Corporation has a 1-year low of $13.16 and a 1-year high of $21.61.

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