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

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

Several other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new stake in shares of KT in the third quarter valued at approximately $451,000. DGS Capital Management LLC grew its position in shares of KT by 2.4% during the 3rd quarter. DGS Capital Management LLC now owns 150,880 shares of the technology company's stock worth $2,321,000 after buying an additional 3,516 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of KT by 74.9% during the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock valued at $1,650,000 after buying an additional 45,941 shares during the period. GAMMA Investing LLC raised its holdings in shares of KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after acquiring an additional 2,902 shares in the last quarter. Finally, Claro Advisors LLC purchased a new stake in KT in the fourth quarter worth about $220,000. Institutional investors own 18.86% of the company's stock.

KT Stock Down 0.4 %

KT stock traded down $0.08 during trading hours on Tuesday, reaching $20.03. The stock had a trading volume of 71,626 shares, compared to its average volume of 1,127,211. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.37 and a beta of 0.83. The business's 50 day moving average price is $17.94 and its 200-day moving average price is $16.98. KT Co. has a 52 week low of $12.84 and a 52 week high of $20.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

Analysts Set New Price Targets

KT has been the subject of several recent research reports. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, UBS Group initiated coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock.

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.