Voloridge Investment Management LLC Takes $1.57 Million Position in KT Co. (NYSE:KT)

Voloridge Investment Management LLC acquired a new stake in shares of KT Co. (NYSE:KT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 100,899 shares of the technology company's stock, valued at approximately $1,566,000.

A number of other large investors have also recently made changes to their positions in KT. R Squared Ltd purchased a new position in shares of KT during the 4th quarter valued at about $36,000. Principal Securities Inc. lifted its holdings in KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after purchasing an additional 1,544 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after purchasing an additional 2,667 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after purchasing an additional 2,181 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in KT in the 4th quarter worth approximately $181,000. 18.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KT has been the topic of a number of research analyst reports. Wall Street Zen cut 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 report on Monday, March 3rd. Finally, UBS Group initiated coverage on KT in a report on Wednesday, February 19th. They issued a "buy" rating on the stock.

KT Price Performance

Shares of KT traded down $0.41 during mid-day trading on Friday, hitting $18.78. 2,345,696 shares of the stock were exchanged, compared to its average volume of 1,218,315. The company has a market cap of $9.69 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. KT Co. has a 52-week low of $13.11 and a 52-week high of $20.28. The firm has a 50-day moving average of $18.48 and a two-hundred day moving average of $17.41. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04.

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.