KT Co. (NYSE:KT) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in shares of KT Co. (NYSE:KT - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,224,228 shares of the technology company's stock after selling 206,946 shares during the period. Price T Rowe Associates Inc. MD owned about 1.98% of KT worth $158,681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KT. R Squared Ltd bought a new position in shares of KT during the 4th quarter valued at approximately $36,000. Principal Securities Inc. raised its holdings in shares of KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after acquiring an additional 1,544 shares in the last quarter. GAMMA Investing LLC raised its holdings in KT by 80.7% during the 4th 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. Global Retirement Partners LLC raised its holdings in KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock valued at $113,000 after buying an additional 2,667 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in shares of KT by 37.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after purchasing an additional 2,181 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Stock Performance

Shares of KT stock traded down $0.09 on Thursday, hitting $19.38. The stock had a trading volume of 1,085,768 shares, compared to its average volume of 1,125,050. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. KT Co. has a 52-week low of $12.54 and a 52-week high of $19.61. The company's 50 day moving average price is $17.81 and its 200 day moving average price is $16.87. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 0.37 and a beta of 0.83.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. Finally, UBS Group assumed coverage on shares of KT in a report on Wednesday, February 19th. They set a "buy" rating on the stock.

About KT

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.