KT Co. (NYSE:KT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in KT Co. (NYSE:KT - Free Report) by 70.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,693 shares of the technology company's stock after selling 209,959 shares during the quarter. Renaissance Technologies LLC's holdings in KT were worth $1,361,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of KT in the 4th quarter valued at $36,000. Principal Securities Inc. lifted its position in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after buying an additional 1,544 shares during the last quarter. GAMMA Investing LLC boosted its stake in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock worth $101,000 after buying an additional 2,902 shares during the period. Global Retirement Partners LLC raised its stake in shares of KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock valued at $113,000 after acquiring an additional 2,667 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in shares of KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after acquiring an additional 2,181 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. UBS Group initiated coverage on KT in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th.

KT Stock Up 3.4 %

KT stock traded up $0.66 during midday trading on Friday, hitting $20.02. The company's stock had a trading volume of 1,024,782 shares, compared to its average volume of 1,133,732. The firm has a 50-day simple moving average of $17.89 and a 200-day simple moving average of $16.94. The firm has a market capitalization of $10.32 billion, a P/E ratio of 11.25, a PEG ratio of 0.37 and a beta of 0.83. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. KT Co. has a 52-week low of $12.84 and a 52-week high of $20.05.

KT 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.