Ninety One North America Inc. Buys New Position in KT Co. (NYSE:KT)

Ninety One North America Inc. bought a new stake in shares of KT Co. (NYSE:KTFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 821,472 shares of the technology company’s stock, valued at approximately $12,749,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased 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 valued at $5,021,000 after purchasing an additional 1,244 shares during the period. Creative Planning increased its holdings in shares of KT by 36.2% in the second quarter. Creative Planning now owns 136,410 shares of the technology company’s stock valued at $1,865,000 after purchasing an additional 36,241 shares during the period. Sanctuary Advisors LLC acquired a new stake in KT during the second quarter worth about $525,000. SG Americas Securities LLC acquired a new stake in KT during the third quarter worth about $474,000. Finally, Aprio Wealth Management LLC grew its holdings in KT by 47.2% during the third quarter. Aprio Wealth Management LLC now owns 16,231 shares of the technology company’s stock worth $250,000 after acquiring an additional 5,201 shares during the period. 18.86% of the stock is owned by institutional investors and hedge funds.

KT Stock Performance

Shares of KT stock opened at $17.12 on Tuesday. The company has a market capitalization of $8.83 billion, a P/E ratio of 9.62, a P/E/G ratio of 0.35 and a beta of 0.95. The business’s 50 day moving average is $16.59 and its two-hundred day moving average is $15.57. 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 12-month low of $12.10 and a 12-month high of $18.45.

KT (NYSE:KTGet Free Report) last released its earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. Analysts expect that KT Co. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a report on Friday.

Check Out Our Latest Stock Analysis on KT

KT Profile

(Free Report)

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.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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