KT Co. (NYSE:KT) is Kopernik Global Investors LLC's Largest Position

Kopernik Global Investors LLC lessened its holdings in KT Co. (NYSE:KT - Free Report) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,915,343 shares of the technology company's stock after selling 555,411 shares during the quarter. KT makes up about 13.4% of Kopernik Global Investors LLC's holdings, making the stock its largest position. Kopernik Global Investors LLC owned 1.53% of KT worth $122,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KT. Townsquare Capital LLC boosted its holdings in shares of KT by 232.2% in the 4th quarter. Townsquare Capital LLC now owns 47,262 shares of the technology company's stock valued at $734,000 after buying an additional 33,037 shares in the last quarter. Qtron Investments LLC grew its holdings in shares of KT by 5.1% during the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock worth $210,000 after purchasing an additional 652 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of KT by 28.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,697,187 shares of the technology company's stock worth $26,340,000 after purchasing an additional 376,194 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of KT in the 4th quarter valued at about $4,333,000. Finally, Legal & General Group Plc boosted its position in shares of KT by 43.4% in the 4th quarter. Legal & General Group Plc now owns 32,247 shares of the technology company's stock valued at $501,000 after purchasing an additional 9,753 shares during the period. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Stock Performance

Shares of KT stock traded up $0.34 during midday trading on Friday, hitting $18.01. The company had a trading volume of 1,681,037 shares, compared to its average volume of 1,096,880. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.37 and a beta of 0.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The company's 50 day simple moving average is $17.54 and its 200 day simple moving average is $16.64. KT Co. has a 52-week low of $12.11 and a 52-week high of $18.74.

Analyst Upgrades and Downgrades

Several research firms have commented on KT. StockNews.com lowered KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, UBS Group started coverage on shares of KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock.

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.