KT Co. (NYSE:KT) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in KT Co. (NYSE:KT - Free Report) by 8.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 234,760 shares of the technology company's stock after selling 22,000 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in KT were worth $3,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MML Investors Services LLC purchased a new stake in shares of KT in the third quarter valued at approximately $160,000. World Investment Advisors LLC bought a new stake in KT during the 3rd quarter valued at $451,000. DGS Capital Management LLC lifted its holdings in shares of KT by 2.4% in 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 during the period. JPMorgan Chase & Co. grew its position in shares of KT by 74.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock worth $1,650,000 after buying an additional 45,941 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of KT by 80.7% during the fourth 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 during the period. 18.86% of the stock is currently owned by institutional investors.

KT Stock Down 0.8 %

Shares of KT stock traded down $0.16 during trading hours on Tuesday, reaching $18.83. 309,450 shares of the company's stock were exchanged, compared to its average volume of 1,117,622. 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 company has a market cap of $9.71 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.37 and a beta of 0.83. KT Co. has a fifty-two week low of $12.54 and a fifty-two week high of $19.43. The stock's 50 day moving average is $17.74 and its 200-day moving average is $16.84.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KT shares. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. StockNews.com downgraded KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. 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 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.