JPMorgan Chase & Co. Sells 102,263 Shares of KT Co. (NYSE:KT)

JPMorgan Chase & Co. decreased its holdings in KT Co. (NYSE:KT - Free Report) by 95.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 SEC.

A number of other hedge funds have also made changes to their positions in the stock. EntryPoint Capital LLC raised its stake in KT by 21.4% during the fourth quarter. EntryPoint Capital LLC now owns 18,660 shares of the technology company's stock valued at $290,000 after buying an additional 3,290 shares in the last quarter. LPL Financial LLC raised its stake in KT by 62.0% during the fourth quarter. LPL Financial LLC now owns 81,289 shares of the technology company's stock valued at $1,262,000 after buying an additional 31,096 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of KT by 37.5% during 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 during the period. Lingohr Asset Management GmbH acquired a new stake in shares of KT during the 4th quarter worth approximately $1,569,000. Finally, Boston Partners raised its position in shares of KT by 215.6% during the 4th quarter. Boston Partners now owns 1,247,881 shares of the technology company's stock worth $19,380,000 after purchasing an additional 852,539 shares during the period. Institutional investors and hedge funds own 18.86% of the company's stock.

Wall Street Analyst Weigh In

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

KT Stock Performance

KT traded down $0.16 during trading hours on Monday, hitting $19.16. The company's stock had a trading volume of 155,577 shares, compared to its average volume of 1,145,686. KT Co. has a fifty-two week low of $13.11 and a fifty-two week high of $20.28. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $9.88 billion, a PE ratio of 10.76, a PEG ratio of 0.37 and a beta of 0.68. The company has a 50-day simple moving average of $18.13 and a 200 day simple moving average of $17.09.

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.