KT Co. (NYSE:KT) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in KT Co. (NYSE:KT) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,274,391 shares of the technology company’s stock after selling 95,971 shares during the quarter. Sei Investments Co. owned about 0.25% of KT worth $19,779,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KT. TD Private Client Wealth LLC increased its position in 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. Lingohr Asset Management GmbH purchased a new stake in shares of KT in the 4th quarter valued at approximately $1,569,000. Boston Partners increased its holdings in shares of KT by 215.6% during the 4th quarter. Boston Partners now owns 1,247,881 shares of the technology company’s stock worth $19,380,000 after buying an additional 852,539 shares during the last quarter. Signaturefd LLC raised its position in shares of KT by 8.2% during the 4th quarter. Signaturefd LLC now owns 22,776 shares of the technology company’s stock valued at $353,000 after buying an additional 1,732 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in KT by 15.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,959 shares of the technology company’s stock valued at $232,000 after acquiring an additional 1,996 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Stock Down 1.2 %

KT stock opened at $17.64 on Friday. The company has a market capitalization of $9.09 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT Co. has a fifty-two week low of $12.10 and a fifty-two week high of $18.74. The firm has a 50 day moving average price of $17.49 and a 200 day moving average price of $16.43.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KT. StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. UBS Group assumed coverage on KT in a research report on Wednesday, February 19th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd.

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.