Allspring Global Investments Holdings LLC Sells 77,144 Shares of KT Co. (NYSE:KT)

Allspring Global Investments Holdings LLC reduced its stake in shares of KT Co. (NYSE:KT - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,399,634 shares of the technology company's stock after selling 77,144 shares during the period. Allspring Global Investments Holdings LLC owned about 2.03% of KT worth $139,771,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in shares of KT by 381.8% in the first quarter. Tower Research Capital LLC TRC now owns 4,259 shares of the technology company's stock valued at $49,000 after acquiring an additional 3,375 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of KT by 46.7% in the third quarter. Ronald Blue Trust Inc. now owns 4,837 shares of the technology company's stock valued at $62,000 after acquiring an additional 1,540 shares in the last quarter. Credit Suisse AG grew its holdings in shares of KT by 162.5% in the third quarter. Credit Suisse AG now owns 5,949 shares of the technology company's stock valued at $73,000 after acquiring an additional 3,683 shares in the last quarter. CWM LLC grew its holdings in shares of KT by 17.9% in the third quarter. CWM LLC now owns 5,832 shares of the technology company's stock valued at $75,000 after acquiring an additional 887 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of KT in the second quarter valued at approximately $80,000. 18.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised KT from a "buy" rating to a "strong-buy" rating in a report on Monday.

KT Stock Performance

KT stock traded up $0.02 during trading on Tuesday, hitting $13.56. The stock had a trading volume of 1,943,322 shares, compared to its average volume of 964,434. KT Co. has a 1 year low of $11.04 and a 1 year high of $15.35. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The stock's 50 day moving average is $14.17 and its two-hundred day moving average is $13.29. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 1.38 and a beta of 0.82.

KT (NYSE:KT - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. The business had revenue of $5.08 billion for the quarter. As a group, analysts predict that KT Co. will post 1.9 EPS for the current year.

KT Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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.