KT Co. (NYSE:KT) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in KT Co. (NYSE:KT - Free Report) by 484.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,769 shares of the technology company's stock after acquiring an additional 22,190 shares during the period. Tower Research Capital LLC TRC's holdings in KT were worth $415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in KT by 74.9% during the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock worth $1,650,000 after purchasing an additional 45,941 shares during the period. US Bancorp DE raised its position in shares of KT by 5.2% during the 4th quarter. US Bancorp DE now owns 284,354 shares of the technology company's stock valued at $4,413,000 after buying an additional 13,992 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in KT by 3.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 621,606 shares of the technology company's stock valued at $9,647,000 after acquiring an additional 21,222 shares during the last quarter. Alberta Investment Management Corp purchased a new position in KT in the fourth quarter worth approximately $11,986,000. Finally, GAMMA Investing LLC increased its stake in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock worth $101,000 after acquiring an additional 2,902 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KT shares. StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a 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 report on Wednesday, February 19th. They issued a "buy" rating on the stock.

KT Trading Up 0.4 %

NYSE:KT traded up $0.08 on Monday, reaching $20.11. 293,825 shares of the company's stock were exchanged, compared to its average volume of 1,130,396. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.37 and a beta of 0.83. KT Co. has a 52-week low of $12.84 and a 52-week high of $20.46. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $17.89 and a 200-day moving average of $16.95.

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.