KT Corporation (NYSE:KT) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in KT Corporation (NYSE:KT - Free Report) by 9.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 212,160 shares of the technology company's stock after selling 22,600 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in KT were worth $3,757,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KT. Capital International Investors acquired a new stake in KT in the fourth quarter valued at $135,833,000. Wellington Management Group LLP boosted its stake in shares of KT by 392.0% during the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company's stock valued at $153,913,000 after acquiring an additional 7,901,522 shares during the last quarter. Ninety One UK Ltd boosted its stake in shares of KT by 28.3% during the first quarter. Ninety One UK Ltd now owns 4,890,767 shares of the technology company's stock valued at $86,615,000 after acquiring an additional 1,079,860 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of KT by 18.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 5,547,691 shares of the technology company's stock valued at $98,250,000 after acquiring an additional 875,840 shares during the last quarter. Finally, Beck Bode LLC acquired a new stake in shares of KT during the fourth quarter valued at $12,974,000. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Price Performance

Shares of KT traded down $0.34 during trading hours on Friday, reaching $20.62. 517,758 shares of the company traded hands, compared to its average volume of 1,025,929. 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 stock has a market capitalization of $10.63 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.16 and a beta of 0.68. KT Corporation has a fifty-two week low of $13.18 and a fifty-two week high of $21.61. The stock has a fifty day simple moving average of $20.16 and a 200 day simple moving average of $18.59.

KT (NYSE:KT - Get Free Report) last posted its quarterly earnings data on Tuesday, June 17th. The technology company reported $0.75 EPS for the quarter. The business had revenue of $4.71 billion for the quarter. KT had a return on equity of 3.47% and a net margin of 2.37%. As a group, research analysts predict that KT Corporation will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered KT from a "strong-buy" rating to a "buy" rating in a research note 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.