KT Co. (NYSE:KT) Shares Acquired by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. grew its stake in KT Co. (NYSE:KT - Free Report) by 30.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,605 shares of the technology company's stock after acquiring an additional 14,081 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in KT were worth $1,073,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KT. US Bancorp DE grew its position in KT by 5.2% in the fourth quarter. US Bancorp DE now owns 284,354 shares of the technology company's stock worth $4,413,000 after acquiring an additional 13,992 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of KT by 3.5% during the 4th 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. Alberta Investment Management Corp purchased a new stake in KT in the 4th quarter valued at about $11,986,000. Ameriprise Financial Inc. raised its holdings in KT by 117.6% in the 4th quarter. Ameriprise Financial Inc. now owns 73,919 shares of the technology company's stock valued at $1,147,000 after buying an additional 39,956 shares during the period. Finally, Barclays PLC acquired a new position in KT in the fourth quarter valued at about $931,000. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Stock Up 1.4%

KT traded up $0.27 during trading hours on Thursday, hitting $20.05. 323,249 shares of the company's stock were exchanged, compared to its average volume of 1,230,449. The firm has a market cap of $10.34 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 0.37 and a beta of 0.66. KT Co. has a 12-month low of $13.11 and a 12-month high of $20.28. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $18.80 and a 200 day moving average of $17.65.

Analyst Ratings Changes

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

KT Company 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.