Mondrian Investment Partners LTD Reduces Position in KT Co. (NYSE:KT)

Mondrian Investment Partners LTD trimmed its position in shares of KT Co. (NYSE:KT) by 19.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,207,403 shares of the technology company’s stock after selling 541,372 shares during the period. Mondrian Investment Partners LTD owned about 0.43% of KT worth $32,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of KT by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock worth $5,021,000 after purchasing an additional 1,244 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of KT by 31.1% during the second quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock worth $5,555,000 after acquiring an additional 96,518 shares during the period. Caprock Group LLC raised its stake in shares of KT by 216.2% during the second quarter. Caprock Group LLC now owns 72,823 shares of the technology company’s stock valued at $1,009,000 after acquiring an additional 49,793 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of KT by 245.7% in the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after purchasing an additional 804,986 shares during the period. Finally, Natixis Advisors LLC grew its stake in KT by 383.2% in the second quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock worth $2,345,000 after purchasing an additional 136,021 shares in the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KT has been the subject of several recent research reports. The Goldman Sachs Group downgraded KT from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 23rd. Finally, New Street Research raised KT to a “strong-buy” rating in a research report on Monday, September 9th.

KT Price Performance

Shares of NYSE KT opened at $15.54 on Wednesday. KT Co. has a fifty-two week low of $11.83 and a fifty-two week high of $15.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.08. The company has a market cap of $8.01 billion, a PE ratio of 9.36, a P/E/G ratio of 0.73 and a beta of 0.90. The business has a 50-day simple moving average of $14.36 and a two-hundred day simple moving average of $13.76.

KT Company 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.