Nipun Capital L.P. Purchases Shares of 15,600 KT Co. (NYSE:KT)

Nipun Capital L.P. acquired a new stake in KT Co. (NYSE:KT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,600 shares of the technology company's stock, valued at approximately $276,000. KT accounts for about 0.2% of Nipun Capital L.P.'s holdings, making the stock its 9th largest position.

A number of other large investors also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in KT during the 4th quarter worth approximately $36,000. Principal Securities Inc. increased its position in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after acquiring an additional 1,544 shares during the period. Global Retirement Partners LLC raised its position in KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock valued at $113,000 after purchasing an additional 2,667 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of KT by 37.5% in the 4th 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. Finally, Truist Financial Corp acquired a new position in shares of KT during the fourth quarter worth about $181,000. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Price Performance

KT stock traded up $0.12 on Tuesday, reaching $18.98. 910,417 shares of the company's stock were exchanged, compared to its average volume of 1,220,142. The stock has a fifty day moving average of $18.55 and a 200-day moving average of $17.50. KT Co. has a twelve month low of $13.11 and a twelve month high of $20.28. The firm has a market cap of $9.79 billion, a PE ratio of 10.67, a P/E/G ratio of 0.37 and a beta of 0.68. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen downgraded KT from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 20th. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, UBS Group initiated coverage on KT in a report on Wednesday, February 19th. They issued a "buy" rating for the company.

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.