LSV Asset Management Invests $1.21 Million in KT Co. (NYSE:KT)

LSV Asset Management purchased a new stake in shares of KT Co. (NYSE:KT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 89,700 shares of the technology company's stock, valued at approximately $1,206,000.

Several other institutional investors and hedge funds have also modified their holdings of KT. Mondrian Investment Partners LTD grew its holdings in KT by 6.0% during the third quarter. Mondrian Investment Partners LTD now owns 3,150,646 shares of the technology company's stock valued at $40,391,000 after purchasing an additional 179,155 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in KT by 455.5% in the 3rd quarter. CWA Asset Management Group LLC now owns 191,145 shares of the technology company's stock worth $2,450,000 after acquiring an additional 156,733 shares during the period. Ramirez Asset Management Inc. acquired a new position in KT during the 3rd quarter worth $1,839,000. Silchester International Investors LLP boosted its holdings in KT by 0.3% during the fourth quarter. Silchester International Investors LLP now owns 26,168,715 shares of the technology company's stock valued at $351,708,000 after acquiring an additional 78,600 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of KT by 29.7% in the third quarter. Acadian Asset Management LLC now owns 297,751 shares of the technology company's stock valued at $3,813,000 after purchasing an additional 68,203 shares during the last quarter. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Stock Performance

Shares of NYSE KT traded down $0.01 during mid-day trading on Friday, hitting $13.11. The company had a trading volume of 400,044 shares, compared to its average volume of 900,183. KT Co. has a 12 month low of $11.04 and a 12 month high of $15.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 1.03. The firm has a market cap of $6.76 billion, a P/E ratio of 8.46, a PEG ratio of 1.41 and a beta of 0.86. The business's 50-day simple moving average is $13.47 and its 200-day simple moving average is $13.32.

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

Analysts Set New Price Targets

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

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.