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

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

Several other hedge funds have also recently modified their holdings of KT. Blue Trust Inc. increased its holdings in KT by 9.2% in the 1st quarter. Blue Trust Inc. now owns 15,675 shares of the technology company's stock worth $278,000 after buying an additional 1,327 shares during the period. QRG Capital Management Inc. increased its holdings in KT by 2.9% in the 1st quarter. QRG Capital Management Inc. now owns 72,892 shares of the technology company's stock worth $1,291,000 after buying an additional 2,066 shares during the period. Exchange Traded Concepts LLC acquired a new position in KT in the 1st quarter worth approximately $215,000. Elevation Point Wealth Partners LLC increased its holdings in KT by 9.4% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 15,919 shares of the technology company's stock worth $282,000 after buying an additional 1,362 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its holdings in KT by 30.3% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 60,605 shares of the technology company's stock worth $1,073,000 after buying an additional 14,081 shares during the period. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Stock Performance

KT stock traded up $0.48 during mid-day trading on Monday, hitting $20.78. The company had a trading volume of 2,391,801 shares, compared to its average volume of 1,272,323. 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 12-month low of $13.11 and a 12-month high of $20.93. The company's fifty day moving average is $19.49 and its 200-day moving average is $17.93. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 0.16 and a beta of 0.66.

KT (NYSE:KT - Get Free Report) last released 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 for the quarter. Equities research analysts predict that KT Corporation will post 0.73 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KT shares. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a report 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.

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.