Dynamic Technology Lab Private Ltd Invests $779,000 in KT Co. (NYSE:KT)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of KT Co. (NYSE:KT) during the third quarter, Holdings Channel reports. The firm acquired 50,693 shares of the technology company’s stock, valued at approximately $779,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of KT by 41.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,264 shares during the period. Venturi Wealth Management LLC boosted its stake in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after buying an additional 4,464 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in KT during the second quarter worth about $140,000. Aprio Wealth Management LLC bought a new stake in KT in the second quarter worth about $151,000. Finally, Private Advisor Group LLC acquired a new stake in KT in the 3rd quarter valued at about $164,000. Institutional investors own 18.86% of the company’s stock.

KT Trading Up 5.2 %

Shares of NYSE KT opened at $18.31 on Thursday. 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 12 month low of $12.10 and a 12 month high of $18.34. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.24 and a beta of 0.90. The business has a fifty day simple moving average of $15.62 and a 200-day simple moving average of $14.54.

KT (NYSE:KT) last posted its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. The firm had revenue of $4.77 billion for the quarter. Sell-side analysts predict that KT Co. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

KT has been the topic of several recent research reports. StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th. New Street Research upgraded shares of KT to a “strong-buy” rating in a research report on Monday, September 9th.

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.