Robeco Institutional Asset Management B.V. Grows Position in KT Corporation (NYSE:KT)

Robeco Institutional Asset Management B.V. increased its holdings in KT Corporation (NYSE:KT - Free Report) by 18.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,547,691 shares of the technology company's stock after buying an additional 875,840 shares during the period. Robeco Institutional Asset Management B.V. owned about 1.08% of KT worth $98,250,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. US Bancorp DE raised its position in KT by 5.2% during 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 last quarter. Rhumbline Advisers lifted its stake in KT by 3.0% in the 1st quarter. Rhumbline Advisers now owns 93,547 shares of the technology company's stock valued at $1,657,000 after buying an additional 2,731 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in KT by 3.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 621,606 shares of the technology company's stock valued at $9,647,000 after buying an additional 21,222 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in KT by 117.6% during 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 last quarter. Finally, Park Avenue Securities LLC increased its position in KT by 15.0% during the first quarter. Park Avenue Securities LLC now owns 13,440 shares of the technology company's stock worth $238,000 after buying an additional 1,752 shares in the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Trading Up 0.9%

KT stock traded up $0.17 during midday trading on Friday, hitting $20.29. The stock had a trading volume of 1,663,218 shares, compared to its average volume of 1,262,881. The company's 50-day moving average price is $19.39 and its 200 day moving average price is $17.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.10 and a quick ratio of 1.04. The firm has a market cap of $10.47 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 0.16 and a beta of 0.66. KT Corporation has a 12-month low of $13.11 and a 12-month high of $20.64.

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. KT had a return on equity of 3.47% and a net margin of 2.37%. The business had revenue of $4.71 billion during the quarter. On average, equities research analysts predict that KT Corporation will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KT. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. Wall Street Zen downgraded shares of KT from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 20th.

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.