Aquatic Capital Management LLC Grows Holdings in KT Co. (NYSE:KT)

Aquatic Capital Management LLC raised its stake in shares of KT Co. (NYSE:KT - Free Report) by 146.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 62,402 shares of the technology company's stock after purchasing an additional 37,102 shares during the period. Aquatic Capital Management LLC's holdings in KT were worth $968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. World Investment Advisors LLC bought a new position in shares of KT during the third quarter valued at about $451,000. DGS Capital Management LLC lifted its stake 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 valued at $2,321,000 after buying an additional 3,516 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of KT by 74.9% in the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock valued at $1,650,000 after purchasing an additional 45,941 shares in the last quarter. GAMMA Investing LLC grew its holdings in KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after buying an additional 2,902 shares in the last quarter. Finally, Claro Advisors LLC purchased a new position in KT during the fourth quarter valued at approximately $220,000. 18.86% of the stock is owned by institutional investors.

KT Stock Performance

KT traded up $0.03 during mid-day trading on Tuesday, reaching $20.13. 128,825 shares of the company traded hands, compared to its average volume of 1,127,456. KT Co. has a 52-week low of $12.84 and a 52-week high of $20.28. The company's fifty day moving average price is $17.94 and its 200-day moving average price is $16.98. 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 stock has a market capitalization of $10.38 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.37 and a beta of 0.83.

Wall Street Analysts Forecast Growth

KT has been the subject of a number of research reports. UBS Group assumed coverage on KT in a report on Wednesday, February 19th. They issued a "buy" rating for the company. 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, StockNews.com downgraded KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th.

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.