JPMorgan Chase & Co. Has $78,000 Position in KT Co. (NYSE:KT)

JPMorgan Chase & Co. cut its stake in KT Co. (NYSE:KT - Free Report) by 95.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,031 shares of the technology company's stock after selling 102,263 shares during the quarter. JPMorgan Chase & Co.'s holdings in KT were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. North of South Capital LLP grew its position in KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company's stock worth $65,458,000 after acquiring an additional 4,049,439 shares in the last quarter. Ninety One UK Ltd bought a new stake in KT in the fourth quarter worth $59,145,000. Robeco Institutional Asset Management B.V. increased its position in KT by 29.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company's stock worth $72,507,000 after buying an additional 1,063,736 shares during the last quarter. Boston Partners raised its holdings in KT by 215.6% during the fourth quarter. Boston Partners now owns 1,247,881 shares of the technology company's stock valued at $19,380,000 after buying an additional 852,539 shares in the last quarter. Finally, Ninety One North America Inc. bought a new position in KT during the fourth quarter valued at about $12,749,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Trading Up 0.1 %

Shares of KT stock opened at $20.12 on Wednesday. The firm has a market capitalization of $10.37 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. KT Co. has a 1 year low of $12.96 and a 1 year high of $20.28. The firm's fifty day simple moving average is $18.00 and its 200 day simple moving average is $17.00. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KT. StockNews.com lowered KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th. UBS Group initiated coverage on KT in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd.

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.

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