apricus wealth LLC Acquires 4,900 Shares of KT Co. (NYSE:KT)

apricus wealth LLC boosted its holdings in shares of KT Co. (NYSE:KT) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,215 shares of the technology company’s stock after purchasing an additional 4,900 shares during the period. KT comprises 1.9% of apricus wealth LLC’s portfolio, making the stock its 19th biggest holding. apricus wealth LLC’s holdings in KT were worth $2,895,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KT. EverSource Wealth Advisors LLC lifted its stake in KT by 41.9% during the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,264 shares during the period. Crewe Advisors LLC bought a new position in KT during the first quarter worth about $98,000. Janiczek Wealth Management LLC raised its stake in shares of KT by 145.1% in the first quarter. Janiczek Wealth Management LLC now owns 8,254 shares of the technology company’s stock valued at $116,000 after acquiring an additional 4,886 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of KT in the second quarter valued at approximately $140,000. Finally, Kathmere Capital Management LLC bought a new position in shares of KT in the first quarter valued at approximately $148,000. Institutional investors own 18.86% of the company’s stock.

KT Stock Performance

KT stock opened at $15.71 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.01. The company has a 50 day moving average price of $15.20 and a 200 day moving average price of $13.99. KT Co. has a fifty-two week low of $11.83 and a fifty-two week high of $15.98. The stock has a market capitalization of $8.10 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90.

KT (NYSE:KT) last posted its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. The firm had revenue of $4.77 billion during the quarter. Analysts forecast that KT Co. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KT shares. New Street Research upgraded shares of KT to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, The Goldman Sachs Group cut shares of KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th.

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.