Russell Investments Group Ltd. Sells 157,326 Shares of KT Co. (NYSE:KT)

Russell Investments Group Ltd. cut its stake in shares of KT Co. (NYSE:KT - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,196,048 shares of the technology company's stock after selling 157,326 shares during the period. Russell Investments Group Ltd. owned about 0.62% of KT worth $42,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of KT during the fourth quarter worth about $28,000. Janiczek Wealth Management LLC bought a new stake in shares of KT during the fourth quarter valued at approximately $45,000. CWM LLC lifted 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 worth $75,000 after buying an additional 887 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of KT during the third quarter worth $104,000. Finally, Blue Trust Inc. grew its stake in KT by 84.0% during the fourth quarter. Blue Trust Inc. now owns 8,900 shares of the technology company's stock valued at $114,000 after acquiring an additional 4,063 shares in the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 18th.

KT Price Performance

Shares of NYSE KT remained flat at $12.64 during midday trading on Tuesday. The stock had a trading volume of 765,535 shares, compared to its average volume of 946,370. The stock has a 50 day moving average of $13.73 and a 200 day moving average of $13.30. KT Co. has a 52-week low of $11.04 and a 52-week high of $15.35. The company has a market capitalization of $6.52 billion, a PE ratio of 8.16, a PEG ratio of 1.38 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

KT (NYSE:KT - Get Free Report) last announced its earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $5.08 billion for the quarter. KT had a net margin of 3.84% and a return on equity of 5.28%. As a group, equities analysts forecast that KT Co. will post 1.78 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.