XTX Topco Ltd Buys 29,605 Shares of KT Corporation (NYSE:KT)

Key Points

• XTX Topco Ltd significantly increased its stake in KT Corporation by 206.3% in the first quarter, owning 43,954 shares valued at $778,000 after acquiring an additional 29,605 shares.
• Various institutional investors also raised their stakes in KT, with Cerity Partners increasing its investment by 52.7% and Envestnet Asset Management raising its stake by 33.4% during the same period.
• KT Corporation's stock opened at $20.40, and the company reported a net margin of 2.37% and quarterly revenue of $4.71 billion.

XTX Topco Ltd increased its position in KT Corporation (NYSE:KT - Free Report) by 206.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,954 shares of the technology company's stock after acquiring an additional 29,605 shares during the period. XTX Topco Ltd's holdings in KT were worth $778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Park Place Capital Corp lifted its position in shares of KT by 66.7% during the first quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock worth $36,000 after purchasing an additional 819 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in KT by 174.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock valued at $40,000 after buying an additional 1,447 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in KT by 143.2% in the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company's stock valued at $42,000 after purchasing an additional 1,396 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of KT in the 1st quarter worth $77,000. Finally, Advisors Preferred LLC purchased a new stake in KT during the 1st quarter worth $128,000. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Stock Down 0.2%

Shares of KT stock traded down $0.04 during trading on Thursday, hitting $20.14. 804,937 shares of the stock traded hands, compared to its average volume of 1,353,476. KT Corporation has a twelve month low of $13.84 and a twelve month high of $21.61. The company has a fifty day moving average price of $20.33 and a two-hundred day moving average price of $18.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market cap of $10.38 billion, a P/E ratio of 21.89, a PEG ratio of 0.15 and a beta of 0.69.

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

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of KT from a "strong-buy" rating to a "buy" rating in a research 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.