Lazard Asset Management LLC Buys 53,200 Shares of KT Co. (NYSE:KT)

Lazard Asset Management LLC increased its stake in KT Co. (NYSE:KT - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,117,223 shares of the technology company's stock after acquiring an additional 53,200 shares during the quarter. Lazard Asset Management LLC owned approximately 0.60% of KT worth $48,378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings 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 in the last quarter. US Bancorp DE grew its holdings in shares of KT by 5.2% during the fourth 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 in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of KT by 3.5% during 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 buying an additional 21,222 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of KT during the fourth quarter valued at $11,986,000. Finally, Barclays PLC purchased a new position in shares of KT during the fourth quarter valued at $931,000. Hedge funds and other institutional investors own 18.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. UBS Group assumed coverage on KT in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, StockNews.com raised KT from a "buy" rating to a "strong-buy" rating in a research report on Monday, May 12th.

KT Stock Performance

KT stock traded down $0.04 during trading hours on Friday, hitting $19.34. The stock had a trading volume of 818,918 shares, compared to its average volume of 1,171,372. The company has a 50-day moving average of $18.28 and a two-hundred day moving average of $17.20. 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 company has a market cap of $9.97 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. KT Co. has a fifty-two week low of $13.11 and a fifty-two week high of $20.28.

KT Company 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.