Ninety One UK Ltd Grows Holdings in KT Corporation (NYSE:KT)

Ninety One UK Ltd raised its stake in shares of KT Corporation (NYSE:KT - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,890,767 shares of the technology company's stock after purchasing 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).

Several other hedge funds have also bought and sold shares of KT. GAMMA Investing LLC raised its stake in shares of KT by 20.4% during 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 in the last quarter. Rhumbline Advisers grew its holdings in shares of KT by 3.0% in the first quarter. Rhumbline Advisers now owns 93,547 shares of the technology company's stock worth $1,657,000 after purchasing an additional 2,731 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of KT by 3.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 621,606 shares of the technology company's stock worth $9,647,000 after purchasing an additional 21,222 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of KT by 117.6% in the fourth quarter. Ameriprise Financial Inc. now owns 73,919 shares of the technology company's stock worth $1,147,000 after purchasing an additional 39,956 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in KT by 15.0% in the first quarter. Park Avenue Securities LLC now owns 13,440 shares of the technology company's stock valued at $238,000 after acquiring an additional 1,752 shares in the last quarter. 18.86% of the stock is currently owned by institutional investors.

KT Stock Down 1.3%

Shares of KT stock traded down $0.27 during mid-day trading on Tuesday, reaching $20.74. 1,690,493 shares of the company's stock traded hands, compared to its average volume of 1,280,547. KT Corporation has a 12 month low of $13.11 and a 12 month high of $21.61. The company has a market cap of $10.70 billion, a P/E ratio of 22.54, a P/E/G ratio of 0.17 and a beta of 0.68. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.41. The company's 50-day moving average price is $19.74 and its 200-day moving average price is $18.10.

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

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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.